Trust Payments, the global unified payments group, has partnered with Zip, the first Buy Now, Pay Later provider to join its network of payment partners. The agreement means UK merchants using Trust Payments’ platform can offer Zip at check out and allow customers to pay over four interest-free installments.
Founded in 2013 in Sydney, Zip is one of the fastest-growing Buy Now, Pay Later players in the world, with over 7 million Zip customers globally. The company’s flexible ‘Pay in Four’ product is accessible across many retail sectors, from homeware and entertainment to fashion, sport, health & beauty, groceries and travel. Zip is offered by over 45,000 merchants globally, including Boohoo, Homebase, and The Fragrance Shop in the UK.
Daniel Holden, CEO at Trust Payments, commented: “We’re excited to partner with Zip, a global payments pioneer, to offer UK consumers flexible payment options. Zip will help drive growth, particularly among small and medium-sized businesses who will benefit from this new payment option –letting their customers spread the cost of a purchase over six weeks, entirely interest-free.”
Zip works closely and collaboratively with merchants and partners to seamlessly embed the Zip platform and deliver a first-class customer experience, while clearly communicating to customers how Zip works and the benefits ‘Pay in Four’ can offer.
Belinda Mackey, Senior Partnerships Manager at Zip, said: “Zip is fast rising in popularity among UK shoppers, as we work with an increasing number of household name retailers and a fantastic array of SMEs and startups. Our partnership with Trust Payments is important because it will help us to support more retailers, faster – so they can bring the benefits of this way of paying to their customers. We will be one of the first to offer Buy Now, Pay Later both online and instore in the UK providing the choice and flexibility we know customers want.”
For more information about Trust Payments’ B2B payment platform, visit trustpayments.com
About Trust Payments
Trust Payments is a global unified payments group for global pay-in, pay-out and customer journey technologies. Our mission is to help businesses to optimise their sales and customer experience through facilitating speedy and seamless payments, loyalty, and data management creating truly Converged Commerce. Our global technology platform connects to 50+ global banks to support multi-acquirer processing, as well as our own merchant acquiring solution in the EU, acquiring.com. The group holds an Authorised Payment Institution (API) License from the UK FCA, Principal Memberships with Visa and Mastercard, as well as money transmission and gaming vendor licenses in the US.
Our trusted and robust technology solutions process £5bn+ in annualised volume for 20,000+ businesses across eCommerce, mobile and Point of Sale (POS) in 15 like-for-like settlement currencies. Partners, developers, and merchants who work with us benefit from our 24 years of payments experience in Retail, Travel, Hospitality, Gaming, Education, Financial Services, and Emerging Verticals.
Visit us at www.trustpayments.com.
About Zip
Zip is a Buy Now, Pay Later pioneer, disrupting the broken credit card model with faster, more flexible ways to pay.
Globally, more than 7 million people choose to pay with Zip online and in-store. Zip partners with merchants across a range of sectors – from homeware and entertainment to fashion, sport, health & beauty, groceries, and travel – to allow their customers to buy items and spread the payment over four interest-free installments.
Listed on the Australian Stock Exchange (ASX: Z1P), Zip has operations across the US, Australia, UK, New Zealand, and South Africa. The company is focused on offering transparent, responsible, and fairly priced financial products for consumers.
Find out more www.zip.co/uk
Check out our blog here.
