Business
Zip half-year results: Quadpay in US driving growth for Zip – The Australian Financial Review
Zip’s Quadpay operation now has more customers than Australia and generates more than half of the group’s revenue.
Zip has reported a positive cash profit against expectations for a loss, as growth in its United States Quadpay business accelerates and will soon represent half of group revenue.
Zip, which is expanding abroad and now operates in nine global markets, said $2.3 billion of transaction volume had gone across its platform in the first half, up 141 per cent on the previous first half. This delivered revenue of $160 million, bang on market expectations.
Like Afterpay, Zip is chasing a bigger opportunity…
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