Konga.com (Online E-Commerce) Acquires Zinternet, Adds Mobile Money To Its Growing Portfolio

Konga Online Shopping Limited has finalized its acquisition of Zinternet Nigeria Limited (Zinternet). 

The transaction was finalized on Wednesday after the Central Bank of Nigeria's approval with Konga now owning 100% of Zinternet’s assets, including its mobile money license.

With the acquisition of this mobile money license, Konga is poised to offer payment solutions to merchants on and off the Konga.com platform.

Sim Shagaya, Konga CEO, expressed happiness at the development and promised to eliminate frictions involved in transactions processing not just for Konga, but also for SMEs around the country.”