OLX to test a payments service in four countries

28 Jun 2017
OLX Group is testing a payments service for buyers and sellers on its classifieds platforms in four countries (UAE, Ukraine, Bulgaria and Brazil). If the “experiments” in these countries show promise, “third-party payments functionality will be introduced elsewhere”, said Martin Scheepbouwer, CEO of OLX Group, in response to a question of an analyst during the Naspers results webcast earlier this week.
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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.