KongaPay, a frontline mobile money platform and member of Konga Group, Nigeria’s leading composite e-commerce giant, has signed a landmark agreement with UK-based industry leader Bibimoney to expand the access to financial inclusion for many people in Nigeria, while raising standards in the Fintech ecosystem in Nigeria and beyond.
The iconic partnership was signed at the prestigious House of Lords in London last week by Mr. Shiraz Jassa, Founder and CEO of Bibimoney and Dr. Leo Stan Ekeh, Chairman of Konga Group, in the presence of 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 had so much faith in Africa and the Middle East because of the endless possibilities that could emerge with companies like Konga with great references.
”We believe in the pedigree of ownership of these local businesses outside of Africa and will do our best to help KongaPay become a globally respected financial services company with the way technology simplifies borderless transactions. . Dr Ekeh, we have many reasons to trust Konga,” he stated.
Also speaking, Mr. Jessa, a highly respected Fintech genius and Founder and CEO of Bibimoney, commended the Chairman and management of Konga Group for improving governance and trust in the mobile money industry.
”I must tell you that many companies had approached us for a partnership, but your history and the profile of your investors distinguished you from others and that is why we signed an exclusive partnership with KongaPay. I can assure you that in a few months, you will become a very exemplary company outside of Africa in the world of Fintech after we have put in place the technological backbone which will drive your various platforms seamlessly,” he said.
For his part, Konga Group Chairman, Leo Stan Ekeh, while appreciating Lord Anthony, Bibimoney management and other distinguished guests present, assured them that KongaPay’s vision remains very clear and that of leading in Africa.
”Our target is to onboard a minimum of 65 million active Nigerians and Africans by 2025. As you know, we have complementary benefits to extend to our customers unlike our competitors, i.e. say by leveraging our many verticals – Konga Marketplace, Konga Travel, Konga Health, Konga Food, Konga Retail Stores and many more to come. More importantly, you can trust us. Thank you for the partnership,” he asserted.
The partnership between the two trusted platforms will promote person-to-person transfers, bill payments with reliable and quality payment solutions for mobile money agents, merchants, businesses, donor agencies, government and individual consumers, among others. Specifically, 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 comes at a time when technology is changing the way financial services are performed. Over the next few months, users will be thrilled with a single, simple solution that is network independent, interoperable and compatible with any type of phone in the world,” revealed Isa Aliyushata, Vice President, KongaPay.
Continuing, he said: ”KongaPay will also deploy numerous payment solutions that will facilitate cross-border payments, foster agencyless and borderless commerce across the world, while aiming to leave no one behind.. This, of course, is part of the federal government’s desire 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 will expand the range of services we provide in the coming months with many product offerings and benefits too great to ignore. KongaPay will continue to promote payment with confidence,” he concluded.
This historic partnership puts KongaPay in a stronger position to grow its market share, while providing its growing customer base with more attractive options and changing the narrative of financial inclusiveness in Nigeria.
Licensed by the Central Bank of Nigeria (CBN) and insured by the Nigeria Deposit Insurance Corporation (NDIC), KongaPay has, since its inception, played a key role as a leading provider of digital payment services for e-commerce transactions and other mobile money services. in Nigeria. Similarly, 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.