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The rise of JGO super app: Why should you care?

A super app is there at every point of your daily contact with the world, from morning until night.


New year, new decade and the world is in a continuous competition with itself to evolve and change faster. Hence, it is time for businesses to step up rather than just keep up. Keeping track of Silicon Valley or the East, China, is not enough. It is now time to look at Africa.

Key innovations such as e-commerce, mobile payments and high-speed trains are being reproduced here, and then taken to the rest of the world. The old image of Africa as dark and backward low production and weaker consumption is disappearing and it is time we understand how they made it happen.

Most of us use a variety of apps on a daily basis such as Messenger, WhatsApp, Careem, Amazon, Namshi, Deliveroo, Zomato, and any e-commerce operator.

Each of these is focusing on offering a specific kind of service or product, some of them maybe offer a thing or two more than their core service. But none of them have developed as far as being a ‘super app’, yet. However, the line between what an industry or sector does singularly has been blurred out extensively.

One-stop portal

Suddenly, the rise of something new happened and one great example is the rise of JGO Super app. This is the one app that has it all, the 1 billion users app, the ‘super app.’

A super app is there at every point of your daily contact with the world, from morning until night. It is a one-stop portal where users can access an extensive number of third-party services like hailing a cab, buying a movie ticket, ordering food online, paying utility bills, or sending money to friends. One app, one sign-in, and one user experience - for virtually any product or service a customer may want or need.

Having 9 out of 10 active users daily, JGO Supper App is used by 70% of the population and has quickly become Africa's super app. Why? Because JGO Supper App does not hesitate to test features that are outside its core messenger function. With this vertical growth strategy, JGO Supper App has created a complete ecosystem with a strong lock-in effect.

If we look at revenue streams, only 17% come from advertising compared with Facebook which has 89% of its revenue from advertising.

JGO is a fearless and experimental player quick at developing prototypes, testing new features and letting users determine its success. Reality is, these super apps have the potential to up-end trends in the banking sector. So, what should banks think of to stay up-to-date with this African phenomenal?

Build strong partnerships and ecosystems

The rise of super apps is an important indicator that we are giving way to a consumer-driven world. As a bank, your value will be measured based on the value of your ecosystem. Who are your partners? What kind of services are you providing? How do you make my life, as a consumer, more convenient? But, keep in mind that you cannot do it alone. You need to update your overzealous rise and security capabilities.

Use data to deliver better personalized services


Having great consumer data and knowing what it means are two very different things. Banks will need to rethink their investments into improving both their data management and their analytics capabilities, and do that away from the product silos, if they hope to compete on the same level as super apps. Much of the success of super apps is predicated on the fact that they are able to share data across various service areas to understand their consumer better. Banks will need to consider how they can use APIs to emulate the rich data flows and better target their customers.

Rethink your monetization strategy

In the race to attract new consumers, banks are often overlooking the goldmine in their own hands, their existing customer base! That is your biggest asset, not your balance sheet. As a bank, it is time to shift from processing fees to monetizing based on the customer base you already have. While new customer acquisition is crucial for most strategies, the valuable opportunities one could get from reselling to existing ones is underestimated. This is the refreshingly captive audience.

Decide your super app evolution

Being a bank, sometimes regulations and restrictions are beyond ones control, but it does not mean that partaking in the rise of the super apps is not possible. People have their own interpretation of what the regulations are, but it does not make them right. Dare to break the perception of what you are not supposed to do, and figure out what you can actually do. Moreover, if a bank is unable to build a super app of their own, they can plan to be a front-office player within another super app, or a back-office enabler, or simply a piece of regulated infrastructure in the future.


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