Boom launches the first e-commerce platform for the unbanked in Lagos


By Oluwatope Lawanson

An e-commerce company, Boom, on Thursday launched an e-commerce platform for more than 1.7 billion unbanked customers.

The News Agency of Nigeria (NAN) reports that the e-commerce platform has been launched at the Federal Palace Hotel, Victoria Island, Lagos.

Managing Director, Mr. Peter Adekeye of Boom, at the launch, said the e-commerce platform was a marketplace created to allow anyone to buy and sell desired products online without a bank account needed. .

He said that future Boom users will have the option of downloading the Boom app from Google Playstore, IOS and other online platforms.

“According to the World Bank, 1.7 billion people have no bank account and are classified as unbanked.

“These people are being denied the opportunity to market or showcase their products to the global space, these are the people targeted for the opportunity.

“These people have never shopped online and have never been able to offer their goods and services for sale on the Internet.

“Our customers who don’t have a bank account, especially hinterland traders, can exchange their cash with our multi-currency,” he said.

Adekeye said the Boom app will be available for download from July 4 and will be available in three Nigerian languages ​​and other foreign languages.

“The Boom app will be available from July 4 and will have an interface in three major Nigerian languages, Yoruba, Hausa and Igbo, it is also available in Spanish and French.

“All transactions on Boom have no hidden fees, we have no access fees or any form of payment or commission, both parties have a chance to get their 100% revenue.

“The platform is also safe for all users as Boom does not store user data, we do not accept advertisements on Boom.

“Boom allows customers to shop online, without necessarily having a bank account, they can only top up the Boom wallet by buying from Aboki who will exchange for multicoin who can resell,” he said. (NAN) (

Edited by Chioma Ugboma


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