zipMoney Payments
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.
- Company typePublic
- Founded2013
- HeadquartersSouth Wales, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
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.
zipMoney Payments firmographics
Firmographics- 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
zipMoney Payments industry classification
Industry- 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
Where zipMoney Payments is headquartered
LocationHeadquarters
- HQ city
- South Wales
- HQ country
- United States
- HQ region
- North America
Markets served
zipMoney Payments business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- Establishment Fees: One-off establishment fee of $0-$99 based on approved credit limit. Charged at account opening.
- Late Fees: $15 late fee charged if minimum repayment is not made, applied 7 days after due date.
- Foreign Transaction Fees: 3% fee on foreign transactions made with Zip Visa Card or Single-Use Card at merchants located outside Australia.
- BPAY Processing Fees: $2.50 processing fee per bill payment for Zip Money transactions (up to maximum $1000).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Zip Money credit account with $1,000-$5,000 limit |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
zipMoney Payments product offering
Product offeringCore 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
Companies that use zipMoney Payments
Customer profileSegments1 record
Ideal customer profiles2 records
zipMoney Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
zipMoney Payments partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- 63,000+ Retail StorescoreExtensive 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 BillerscoreIntegration 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.
- VisacoreZip Visa Card integration allowing customers to shop anywhere Visa is accepted online and instore. Digital Visa card accessible through the Zip app.
- ProspaminorBusiness loan partnership providing business financing solutions through the Zip business platform.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
zipMoney Payments competitors and assessment
Company assessmentDirect 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
zipMoney Payments social profiles
Digital presencezipMoney Payments compliance and trust
Trust signalCompliance1 record
zipMoney Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
zipMoney Payments leadership team
Management profileNumber of profiles
zipMoney Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
zipMoney Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about zipMoney Payments
What does zipMoney Payments do?
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.
Is zipMoney Payments a public or private company?
zipMoney Payments is a public company. It is classified as public and is currently operating.
When was zipMoney Payments founded?
zipMoney Payments was founded in 2013. It employs 1,001 to 5,000 people.
Where is zipMoney Payments based?
zipMoney Payments is headquartered in South Wales, United States, in the North America region.
How does zipMoney Payments make money?
Six revenue lines are on record. Monthly Account Fees are the primary driver. The others are interest Charges, establishment Fees, late Fees, foreign Transaction Fees and BPAY Processing Fees.
Who are zipMoney Payments's main competitors?
Direct peers on record are Splitit, Klarna, Sezzle, Affirm, Afterpay (Block), Latitude Financial Services, Payright (formerly Openpay) and humm (formerly Certegy/Flexigroup). Broad incumbents are PayPal Pay Later and Apple Pay Later.
Does zipMoney Payments have an API?
Yes. Zip offers a public API and integration guides for developers and business partners. The API enables merchants to integrate Zip payment solutions into their platforms. Documentation is available at developers.zip.co with integration guides referenced at developers.zip.co/docs. Developer documentation is at developers.zip.co/v2/docs.
What industry is zipMoney Payments in?
zipMoney Payments's product category is Consumer Lending. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines). Its NAICS code is 52229 and its SIC code is 6141.