ASX-listed pureplay Kogan.com has joined the ZipMoney platform to harness the power of payments technology and give consumers more options just in time for the Christmas shopping period.
From launch today Kogan.com customers will have access to the ZipPay digital wallet at checkout, allowing is customers a limit of up to $1,000 and the ability to pay flexibly, over time for their purchases, interest-free.
“This is a very significant transaction for the Zip business. Kogan.com is synonymous with e-commerce in Australia and this partnership represents an important validation for Zip as we continue our mission to offer fair and transparent payment options to the Australian consumer, wherever and whenever they choose to shop. Both Kogan.com and Zip are strong advocates of consumer well-being and harness the power of technology to give consumers a better deal,” says Zip Co-founder and CEO, Larry Diamond said,
Kogan.com says it has more than one million active customers on its online platform. The retailer’s core product ranges include TVs, computers, mobile phones, home and garden, appliances and fashion, which are particularly well-suited to the ZipPay product. Kogan.com has over 70,000 products available to consumers at great prices. It also operates in a number of other fast-growing verticals: Kogan Travel, Kogan Mobile and Kogan Insurance.
“We are excited to partner with Zip to offer our customers more options and flexibility. Zip is an Aussie FinTech pioneer. We chose Zip because we believe it will deliver an additional fair, transparent and convenient payment option for our customers,” says Ruslan Kogan, founder and chief of Kogan.com.
Zip will be live on Kogan.com website from today, in time for the seasonally strong Christmas shopping months of November and December.
The pipeline of merchants joining the Zip platform is growing, with significant numbers of SMEs and large enterprise retailers at contract stage, according to the company.