PPRO payments

Zip is an instalment-based payment method which customers can use either in-store or online.

Purchases are aggregated to a monthly statement. There is no interest to pay, providing the balance is paid off in full within a month. Zip offers two products Zip Pay and Zip Money.

Zip Pay is an interest-free online shopping wallet with a credit limit of up to $1,000. Zip Money is a line of credit for larger amounts, generally $1,000 and above. Zip Money offers customers a guaranteed 3 months interest-free across all products and up to 48 months with some retailers. Customers can shop online with Zip by selecting this as a payment option.

When shopping in-store, customers use the mobile app to generate a 6-digit code or barcode, which they present to the cashier. Zip was founded in Sydney in 2013 and is backed by two of Australia’s largest banks: Westpac and NAB.

Regions

Asia Pacific, Western & Central Europe

Countries

Australia, New Zealand, United Kingdom

Type Instalments

Company behind LPM Zip Co Ltd

Market share details 1 m customers and 10,000 retailer partners in Australia and New Zealand

Market relevance Medium

Why PPRO

Don’t just accept payments.
Optimise them.

Globalise your platform seamlessly

Our infrastructure lets you integrate multiple payment methods onto your platform, from Alipay to Sofort. So you won’t have to spend time and money establishing connections with each and every payment method provider.

Get to market faster

We’ll work with you to launch your payment methods in weeks. And we’ll provide your sales teams with white label marketing material to make it easier for them to sell your new payment methods to potential merchants.

Reduce payment failures

There are virtually no gaps between the provider’s technology and our own. So we can monitor transactions closely and fix issues quickly. That means lower lag times and fewer failed transactions for you.

Unlock higher conversion rates

Our high-quality integrations will boost your checkout conversions and authorisation rates. What’s more, our payments experts and data analysts will work with you to continuously optimise your checkout performance.