Business
Zip upbeat on overseas growth as revenue jumps 130 per cent – Sydney Morning Herald
Zip Co says it will accelerate its international growth in the year ahead and continue looking for offshore expansion opportunities.
BNPL businesses including Zip and Afterpay compete with traditional credit card and personal loan providers, by offering products that allow customers to repay loans in instalments. The model has proven a hit with digital-savvy younger customers, many of whom are wary about traditional credit and do much of their shopping online.
As foreshadowed in a recent trading update, Zip said its transaction volumes had jumped 141 per cent year-on-year, and it now had 5.7 million active customers, an increase…
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