The zipMoney Ltd (ASX: ZML) share price has been one of best performers on the market today.
In afternoon trade the payments company's shares are up 6% to 69 cents.
What happened?
This morning the company announced that online retailer Kogan.com Ltd (ASX: KGN) had joined the Zip platform.
This means that as of today more than one million active Kogan customers will have access to zipPay digital wallet at checkout. This will allow its customers a limit of up to $1,000 and the ability to pay flexibly over time for their purchases, interest-free.
News of the deal appears to have gone down well with Kogan shareholders as well. Its shares are 5% higher to $3.80 at the time of writing.
This brings Kogan's year-to-date gain to an impressive 182%. The shares of zipMoney haven't performed quite as well. They are down 8% this year after accounting for today's gain.
