Share prices have skyrocketed after buy now, pay later company, Zip_AU, bought United States-based company Quadpay which provides a similar service for US consumers.
Share prices have skyrocketed after buy now, pay later company, Zip, bought United States-based company Quadpay which provides a similar service for US consumers. Zip Chief Executive Larry Diamond told Sky News it was the company’s “mission” to be “the first payment choice everywhere and everyday”. Zip allows customers to make online purchases and pay for them over the course of a month, interest free.
“Australia has been a leader in the interest free revolution where we sought out to disrupt the credit card, an unfair product which focuses on high interest revolving balances with long dated repayments,” Mr Diamond said. “We believe the interest free, pay later solution is perfect.
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