A long-awaited physical card from BNPL pioneer Zip Co is now ready to launch
Zip Card is Now Live. Source: zip.co
Australian fintech Zip has announced the availability of the newest product in its portfolio – Zip Card. The physical BNPL card is powered by WebBank and can only be used for in-store purchases in the US.?
While Zip Card offers traditional Zip’s ‘Pay-in-4’ functionality, it expands opportunities for brick-and-mortar retailers that don’t support contactless payments. Besides, the card can be used for online payments on platforms where Zip is not a checkout option.?
Previously, Zip customers only had access to one-time-use virtual cards. The purchase requests should have been created every time to avail of the new BNPL credit. Within a pilot programme testing the physical Zip Card, 90% of participants said it makes in-store shopping easier. Similar to virtual BNPL options, Zip Card doesn’t affect customers’ credit scores.?
The company claims it has 250,000 people on its waitlist.?
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Zip closes money management app in efforts to safeguard the BNPL business
BNPL users to reach over 900 million globally by 2027: Juniper Research
Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.
