Zip Co (ASX:Z1P) share price pushes higher on trading update

The Zip Co Ltd (ASX: Z1P) share price is pushing higher on Monday following the release of a trading update.

At the time of writing, the buy now pay later (BNPL) provider’s shares are up 1% to $6.24.

The Zip Co share price was up as much as 5.5% to $6.52 at one stage but has since faded.

How is Zip Co performing?

Zip Co has continued its positive form during FY 2021, with record results being driven across all regions.

According to the release, during the month of October, Zip delivered record transaction volume of $401.1 million. This was up 104% on the prior corresponding period. This means the company now has annualised transaction volume of $4.8 billion.

A key driver of this growth was its Zip US business. The QuadPay brand…