TEXUB lands in Nigeria to boost online IT trade - ITREALMS

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Dubia-based smart Business-To-Business (B2B) solution provider, Texub, has landed into the Nigeria's electronic commerce industry with its market place platform, reports ITREALMS.

Disclosing this in a chat with ITREALMS in Lagos on Tuesday, the Chief Executive Officer (CEO) Texub, Mr. Suchit Kumar, said that the company's presence in Nigeria makes it the fifth footprint since formal launch some five months ago.

He also said that even though Texub has been in existence since 2020, but was formally deployed operations in May 2022, determined to boost the future of Information Technology (IT) trades.

According to him, aside the latest presence in Nigeria, Texub has selling hubs in Dubia, Netherlands for Europe, United States of America, Singapore, India and advancing plans to land in Hong Kong in no distance time.

Texub, whose motto is 'One world, One market' Mr. Kumar said offers a business model without borders, thus making the company a digital market place.

Having presence in Nigeria, he said, offers businesses in the country to buy from the global market at ease, especially via online.

He revealed that statistics, online buying in Nigeria is at about 2 per cent with anticipation to grow, while global rate stood between 20 and 25 per cent.

Kumar assured that before engaging any seller, Texub engages in due diligence before activation is done to ensure quality of products are not compromised while safeguarding the buyer.

"We do KYC (know your customer) before availing our platform to sellers," he said.

Texub, he further revealed has over 17 registered products on their platform and is not relenting, stressing that in the next five years, 75 per cent of purchases will be online.

"Texub is a smart B2B solution," he declared, explaining that currently the platform trades in three currencies, namely US Dollar, European Euro and Indian Rupee.

He, therefore, urged Nigerians to leverage Texub and assured of their data security.

Kumar was accompanied by the Business Development Manager at TEXUB, Kamal Manjotra, Nigeria's partner representative, Dolphin Otis by Otigba Olisa-Emeka and a cross section of ICT journalists under the aegis of the Nigeria Information Technology Reporters Association (NITRA) as facilitated by White-Stone Communications, publishers of CyberEra.

Remmy Nweke/DoP

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