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Westpac Announces Underwritten Sale Of Stake In Zip
Zip Co Announces Official Launch Of Tap & Zip
Zip Says Quarterly Revenue $71.7M
Zip Co Limited, formerly zipMoney Limited, offers point-of-sale credit and digital payment services to consumers and merchants. The Company provides a range of integrated Retail Finance solutions to small, medium and enterprise businesses across various industries, both online and in-store. The Company offers its services primarily to the retail, education, health and travel industries. Its products include zipMoney and zipPay. zipMoney is classified as a continuing line of credit and generally applied to various ticket purchases where a promotional interest-free period is applied, between 6 to 24 months. zipPay is a no interest ever digital shopping account and generally applied to various ticket purchases, such as fashion, accessories, food and hospitality. It supports prime, near prime and emerging prime borrowers by providing those customers with a revolving unsecured line of credit to finance their transactions.
Consumer Financial Services
L 14 10 Spring Street
Non-Executive Chairman of the Board
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer, Executive Management
Chief Operating Officer, Executive Director
Chief People and Culture Officer
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Westpac Banking Corp <WBC.AX> said on Wednesday it would sell its 10.7% stake in buy-now-pay-later firm Zip Co Ltd <Z1P.AX> in a deal valued at about A$368 million ($260 million), as it aims to trim its portfolio and improve its capital position.
Australia's Westpac Banking Corp said on Wednesday it would sell its 10.7% stake in buy-now-pay-later firm Zip Co Ltd, as it aims to trim its portfolio and focus on its core banking business.
* TO DATE ZIP HAS NOT OBSERVED ANY MATERIAL IMPACT FROM COVID-19 ACROSS ITS BUSINESS
Amazon Inc's <AMZN.O> Australia unit has signed up Zip Co Ltd <Z1P.AX> to offer its buy now, pay later (BNPL) service on the U.S. giant's local retail website, sending shares in Zip soaring by more than 20%.
Australia's Zip Co Ltd said on Thursday that Amazon Inc's local unit will offer its buy now, pay later platform as a payment option, a sign of its growing popularity despite heightened regulatory scrutiny.
* ZIP CO ANNOUNCES A NEW PARTNERSHIP WITH TIGERAIR AUSTRALIA Source text for Eikon: Further company coverage:
* Q2 TRANSACTION VOLUME OF $140 MILLION, UP 47% ON Q1 Source text for Eikon: Further company coverage:
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.