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Zip Co deal is evidence of cost competition in BNPL sector, UBS says – Stockhead
Yesterday’s Zip Co (ASX:Z1P) update on its Visa partnership was “significant”, UBS says. But equities analysts at the bank also say it marks further evidence of…
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Yesterday’s Zip Co (ASX:Z1P) update on its Visa partnership was “significant”, UBS says.
But equities analysts at the bank also say it marks further evidence of cost competition in the sector.
The Zip Co announcement was one of two big BNPL stories, as market leader Afterpay (ASX:APT) hit the $100 mark following a tie-up with Westpac.
The update from Zip Co related to its Tap and Zip feature, after the company said it had been granted a Principal Issuer licence.
The new status…
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