KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant, has signed a landmark deal with Bibimoney, a UK-based industry leader to expand access to financial inclusion for many in Nigeria, while also raising standards in the Fintech ecosystem in Nigeria and beyond.
The iconic partnership was signed at the prestigious House
of Lords, London last week by Mr. Shiraz Jassa, Founder & CEO of Bibimoney
and Dr. Leo Stan Ekeh, Chairman of Konga Group witnessed by Lord Anthony St.
John of Bletso, Chairman of Bibimoney, and many other distinguished guests.
In his pre-signing speech, Lord Anthony, as he is popularly
known, said the world has so much confidence in Africa and the Middle East
because of infinite possibilities that could emerge with companies like Konga
with great credentials.
“We believe in the pedigree of ownership of such home-grown
companies out of Africa and shall do our best to support KongaPay become a
globally respected financial services company with the way technology is
simplifying transactions borderlessly. Dr. Ekeh, we have many reasons to trust
Konga,’’ he stated.
Also speaking, Mr. Jessa, a highly respected Fintech genius
and Founder & CEO of Bibimoney, congratulated the Chairman and management
of the Konga Group for elevating governance and trust in the mobile money
business.
‘‘I must tell you that a lot of companies had approached us
for partnership, but your history and the profile of your investors
distinguished you from the rest and that is why we are signing an exclusive
partnership with KongaPay. I can assure you that a in few months, you will
become a very exemplary company out of Africa in the Fintech world after we
have implemented the tech backbone that shall drive your different platforms
seamlessly,’’ he said.
On his part, Chairman, Konga Group, Leo Stan Ekeh while
appreciating Lord Anthony, the management of Bibimoney and other distinguished
guests present, assured them that the vision of KongaPay remains very clear and
that is to lead in Africa.
‘‘Our target is to onboard a minimum of 65m active Nigerians
and Africans by the year 2025. As you are aware, we have complimentary benefits
to extend to our customers unlike our competitors and that is, leveraging on
our many verticals – Konga Marketplace, Konga Travel, Konga Health, Konga Food,
Konga retail stores and many more to come. Most importantly, you can trust us.
Thank you for the partnership,’’ he affirmed.
The partnership between both trusted platforms will promote
person to person transfers, bill payments with quality and trusted payment solutions
to mobile money agents, merchants, businesses, donor agencies, government and
individual consumers, among others. More to the point, KongaPay will leverage
Bibimoney’s status as the world’s first interoperable mobile wallet on any
phone, any mobile network, to roll out an exciting solution for Nigerian users.
‘‘This strategic alliance is coming at a time that
technology is changing the way financial services are performed. In the next
few months, users will be thrilled with a unique simple solution that is
network agnostic, interoperable and accommodates any type of phone in the
world,’’ disclosed Isa Aliyushata, Vice President, KongaPay.
Continuing, he stated: ‘‘KongaPay will also be rolling out
lots of payment solutions that will facilitate cross-border payments, promote
branchless and borderless trading across the world, whilst aiming not to leave
a single person behind. This, of course,
keys in with the Federal Government’s bid to promote the benefits of the African
Continental Free Trade Area (AFCFTA). As we grow our customer base which
currently stands at 2 million, we would be expanding the range of services we
provide in the next few months with lots of product offerings and benefits that
are too great to ignore. KongaPay will continue to promote payment with
trust,’’ he concluded.
The epoch-making partnership places KongaPay in a stronger
position to grow its market share, while offering its growing customer base
more exciting options and changing the narrative of financial inclusivity in
Nigeria.
Licensed by the Central Bank of Nigeria (CBN) and insured by
the Nigeria Deposit Insurance Corporation (NDIC), KongaPay has, since
inception, played a key role as a leading provider of digital payment services
for e-commerce transactions and other mobile money services in Nigeria.
Likewise, Bibimoney is an award-winning mobile money platform, with global
recognition and partnerships in Botswana, Zambia, Egypt, Uganda, India and the
Solomon Islands, among others.