Buy Now, Pay Later service Zip launches in the UK

Buy Now, Pay Later provider Zip has today announced its arrival in the UK across many retail sectors including fashion, health, beauty, homeware and entertainment.

Founded in 2013 in Sydney, Zip is one of the fastest-growing Buy Now, Pay Later players in the world. UK customers will now be able to check out with Zip and pay over four interest-free instalments, joining over 5.7 million Zip customers globally.

Larry Diamond, Zip Co-Founder and CEO said: “We’ve created a transparent, flexible and fairer digital alternative to credit cards and our ambitious UK expansion is a significant milestone in our journey.

“We process $7.5 billion in payments every year across Australia, New Zealand and the United States which only demonstrates the appetite for new, digital and flexible ways to pay. We’ve invested in the UK with a long-term strategy and are excited about our offer as domestic and global retail and ecommerce develops.”

Major fashion retailers on board at launch include Boohoo, Never Fully Dressed and Oh Polly, Fanatics, Fashion Nova and Hype.

Zip’s global footprint will also enable UK merchants to integrate into the service once and access customers worldwide.

Anthony Drury, Zip UK Managing Director commented: “Zip will be one of the first to offer Buy Now, Pay Later both online and in-store in the UK providing the choice and flexibility that we know our UK customers want.

“Our global footprint means we have a leading technology and infrastructure to bring more products – already used by merchants and consumers in the US and Australia – to the UK in 2021. Our network also offers real growth opportunities for UK retailers to reach new customer markets.

“We’ve built a brilliant team of fintech and ecommerce experts in the UK and are recruiting at pace. We’re well positioned to drive our ambitious UK growth plans.”