zipMoney Payments

What zipMoney Payments does

ZipMoney Payments Pty Ltd (ABN 58 164 440 993, Australian Credit Licence Number 441878) is the Australian licensed credit-providing subsidiary of ASX-listed Zip Co Limited. The entity issues consumer credit products within Zip Co's multi-product BNPL and line-of-credit platform, anchored by Zip Money (A$1,000-A$5,000 line of credit, up to A$50,000 via select merchants, interest-free terms up to 5 years at participating partners, A$9.95/month account fee, standard 25.9% p.a. interest after interest-free expiry, repayments from A$50/month under a 'Flex' schedule), and supported by sibling products Zip Pay (A$1,000 interest-free everyday BNPL), Zip Plus (A$2,000-A$20,000 with interest-free up to a A$1,000 closing balance), Zip Personal Loan, and ZMobile value mobile plans.

The platform is mobile-first and product-led: customers apply in under four minutes via the Zip iOS/Android apps or web, receive instant approval, and are immediately issued a digital Visa card for online and in-store acceptance anywhere Visa is accepted, including via Apple Pay and Google Pay tokenization. Differentiated technical components include single-use virtual card generation for online checkout, in-store barcode payments, BPAY bill-payment routing against 60,000+ billers, a public developer API (developers.zip.co), and a rewards/cashback engine against an in-store partner directory of 63,000+ retailers. The Instalments fixed-installment product was retired and consolidated into the flexible Flex repayment schedule.

The business model blends consumer-facing recurring revenue (monthly account fees, interest after interest-free periods, late fees) with transaction-based revenue (3% foreign transaction fees, A$2.50 BPAY processing fees, one-off A$0-A$99 establishment fees) and merchant interchange economics, against a long-tail mass-market Australian consumer segment. Distribution is self-serve PLG via app and web, with no enterprise sales motion; merchant acquisition is executed at the parent level through the 63,000+ retailer network.

Name

zipMoney Payments

Legal name

ZipMoney Payments Pty Ltd

Website

https://zipmoney.com.au

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ZipMoney Payments Pty Ltd is the Australian Credit Licence-holding subsidiary of ASX-listed Zip Co Limited, issuing consumer BNPL and line-of-credit products via a mobile app, digital Visa card, and a network of 63,000+ Australian retail and BPAY partners.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Other Nondepository Credit Intermediation (52229), Sales Financing (52222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Buy now pay later
• Consumer credit
• Interest free instalments
• Digital payments
• Personal loans

Headquarters

HQ city

South Wales

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Monthly Account Fees: Monthly account fee of $9.95 charged to customers with outstanding balances. Waived if balance is $0 at end of month. Primary recurring revenue stream from active account holders.
2. Interest Charges: Standard variable interest rate of 25.9% p.a. applied to any balance outstanding after interest free period expires. Interest accrues daily on outstanding balances.
3. Establishment Fees: One-off establishment fee of $0-$99 based on approved credit limit. Charged at account opening.
4. Late Fees: $15 late fee charged if minimum repayment is not made, applied 7 days after due date.
5. Foreign Transaction Fees: 3% fee on foreign transactions made with Zip Visa Card or Single-Use Card at merchants located outside Australia.
6. BPAY Processing Fees: $2.50 processing fee per bill payment for Zip Money transactions (up to maximum $1000).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

ZipMoney Payments provides interest-free buy now pay later and line-of-credit products to Australian consumers through a mobile-first platform. The core offering includes Zip Pay (up to $1,000), Zip Plus ($2,000-$20,000), and Zip Money ($1,000-$5,000 standard, up to $50,000 at select merchants) credit accounts, with up to 5 years interest-free terms at select partners, a digital Zip Visa Card, single-use virtual cards for online checkout, instore barcode payments at 63,000+ retail partners, and BPAY bill payments.

Product overview

Zip Co operates a multi-product financial services platform comprising buy now pay later and credit products. The core portfolio includes Zip Pay (up to $1,000 credit limit, interest-free), Zip Plus ($2,000-$20,000 limit, interest-free with conditions), Zip Money ($1,000-$50,000 line of credit for larger purchases with up to 5 years interest-free), Zip Personal Loan (personal funding), and ZMobile (mobile plans). Supporting infrastructure includes the Zip Visa Card for universal Visa acceptance, single-use virtual cards for secure online shopping, BPAY bill payment capabilities, and a cashback rewards program. The platform processes payments at 63,000+ retail partners and integrates with Apple Pay, Google Pay, and Visa.

Differentiator

Problem solved

Functional benefit

Brands

• Zip Pay: Everyday account with interest free buy now pay later product offering a credit limit of up to $1,000. Repay from $10/week. Instant access to a digital Visa card.
• Zip Plus
• Zip Money
• Zip Personal Loan
• ZMobile
• Zip Visa Card
• Single-use card

Products and services

• Zip Money

Quantifiable outcome

• Up to $5,000 credit limit available
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• 63,000+ Retail StorescoreChannel Partner/ Reseller/ DistributorExtensive network of retail stores where Zip Money is accepted at checkout for instore purchases via barcode payment. These are merchant partners that offer Zip as a payment option to their customers.
• 60,000+ BPAY BillerscoreTechnology or IntegrationIntegration with over 60,000 BPAY billers allowing customers to pay bills through Zip and spread costs over time. BPAY is a bill payment service in Australia.
• VisacoreTechnology or IntegrationZip Visa Card integration allowing customers to shop anywhere Visa is accepted online and instore. Digital Visa card accessible through the Zip app.
• ProspaminorStrategic or Co-development PartnerBusiness loan partnership providing business financing solutions through the Zip business platform.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Splitit: Splitit offers installment payments on existing credit cards without additional underwriting, an adjacent BNPL model that competes for the same point-of-sale consumer credit use case as Zip Money.
• Klarna: Klarna operates a global BNPL and short-term consumer credit platform with similar interest-free installment structures and merchant integrations, directly comparable to Zip Money's product positioning.
• Sezzle: Sezzle is a US-listed BNPL platform offering interest-free installment pay-in-4 and longer-term credit, with a product set and target customer base highly comparable to Zip Pay/Zip Money.
• Affirm: Affirm is a US-focused BNPL and consumer credit provider offering longer-term installment loans (up to 36 months) at the point of sale, mirroring Zip Money's larger-ticket credit positioning with interest-free promotional periods.
• Afterpay (Block): Afterpay is the original BNPL pioneer and the most direct competitor to Zip Money's consumer credit and interest-free installment offering, now operating within Block (formerly Square) with global merchant reach.
• Latitude Financial Services: Latitude Financial is an Australian consumer finance provider offering BNPL (LatitudePay), personal loans, and credit cards — overlapping Zip Money's multi-product consumer credit strategy.
• Payright (formerly Openpay): Payright is an Australian BNPL provider focused on larger-ticket retail purchases (healthcare, automotive, home improvement), a category where Zip Money's $1,000-$50,000 product also competes directly.
• humm (formerly Certegy/Flexigroup): humm is a major Australian and New Zealand BNPL provider offering interest-free installment plans at retail and healthcare merchants, directly competing with Zip Money in the same domestic market segment.

Broad incumbents

• PayPal Pay Later: PayPal's Pay Later products (Pay in 4, Pay Monthly) embed BNPL within the broader PayPal payments ecosystem, competing with Zip Money at checkout with a much larger payments distribution footprint.
• Apple Pay Later: Apple's BNPL service (Apple Pay Later) extends the Apple Pay wallet with interest-free installments, leveraging Apple's installed base to compete with Zip Money for in-app and online consumer credit.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/zipAU
• LinkedInlinkedin.com/company/zip-co-limited
• Instagraminstagram.com/zip_au
• Xx.com/zip_au

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about zipMoney Payments