Total payments volume on Jumia Pay more than doubled year on year to reach an all-time high of €53.6 million ($63.1 million) as transactions topped 2.4 million. While the growing conversion of more users within the Jumia marketplace represents good news for the company, its long-term focus involves positioning its Jumia Pay payments service as a standalone product and possible driver of revenues and, eventually, profits. After launching Jumia Pay in seven of its African markets, Jumia is aiming to spin off the service and target a share of local electronic payments markets.