News

Small businesses in Australia using Xero can now offer Zip's flexible payment options via Stripe.

Zip Co (ASX: ZIP), the digital financial services company offering innovative, people-centred products, today announced a new integration in Australia through Stripe with Xero, the global small business platform.

With half of all payments for small businesses arriving late¹, Zip’s payment options through Stripe can help small business owners get paid more efficiently and take greater control of their cash flow management.

The integration allows businesses using Xero and Stripe to offer their customers the flexibility to split invoice payments through Zip's payment options, while still receiving the full payment amount upfront, minus any fees.

“This integration means small businesses in Australia on the Xero platform, with a Stripe account, can now add Zip’s flexible payment solutions directly on their invoices, providing customers with greater payment flexibility and helping businesses to reduce payment friction and support cash flow management,” said Soraya Alali, Zip ANZ CEO. “We’re excited to bring this capability to Xero customers through Stripe’s payment infrastructure.”

Bharathi Ramavarjula, Senior Vice President of Payments at Xero said,“We know from our research that consumers expect choice when it comes to making payments. So the more payment methods we can offer with Stripe, such as Zip, the more likely it is that our customers will get paid up to twice as fast, helping to strengthen their financial position, and reclaim hours spent chasing late payments.”

Karl Durrance, Managing Director for Australia and New Zealand at Stripe said,"Australia's small businesses often struggle with cash flow and complexity of managing unpaid invoices, chasing late payments and reconciling accounts manually.Working with Zip and Xero demonstrates how technology solves important business problems — small businesses get paid faster while offering their customers more flexible payment options, opening up new possibilities for growth."

To learn more about this integration, please visit: https://zip.co/au/business/xero-stripe

¹Xero Small Business Insights Special Report Cash flow Crunch Part 2, page 4

Media Contact

For any media enquiries, please contact: Chloe Rees | Director, External Relations & Group Communications | chloe.rees@zip.co

About Zip: Zip Co Limited (ACN 139 546 428) (ASX: ZIP) is a digital financial services company, offering innovative and people-centred products. Operating in two core markets - Australia and New Zealand (ANZ) and the United States (US), Zip offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants.

Founded in Australia in 2013, Zip provides fair, flexible and transparent payment options, helping customers to take control of their financial future and helping merchants to grow their businesses.

For more information, visit: www.zip.co

Australian customers can now use Zip Pay or Zip Money to spread the cost of their flight over multiple payments.

Cathay Pacific today announced a new partnership with Zip, the digital financial services company offering innovative, people-centred products. This partnership provides Australian customers more freedom when booking their next trip through six months interest free with Zip Money* or always interest free with Zip Pay^. Paying nothing on the day of purchase, Cathay Pacific customers can now spread the cost of their flights over weekly, fortnightly, or monthly payments – the choice is up to them.

Offering safe and secure online checkouts, Zip provides a credit limit of up to $1,000 with Zip Pay^ and up to $10,000 with Zip Money*. This gives Cathay Pacific customers the opportunity to plan their dream holiday and enjoy greater flexibility with how they pay.

Cathay Regional General Manager, Southwest Pacific Frosti Lau said: “Our partnership with Zip could not come at a better time. We know Australians are hungry to travel and having the option to break up payments provides our customers with more choice when they book with us. Our goal is to connect our customers to the world through our hub in Hong Kong and this partnership allows us to do that by providing them with the flexibility to pay their own way”.

Zip’s Acting Chief Commercial Officer, Nitin Kashid said: “We’re excited to launch our partnership with Cathay Pacific in Australia, Zip’s first major international airline. This partnership allows us to broaden our strong offering in the travel industry and support our customers in managing their booking and travel costs over time. We’re committed to providing our customers with the flexibility and control they need to plan and pay for their journeys, empowering them to unlock their financial potential.”

Click Frenzy Travel

To celebrate this new partnership, Cathay Pacific will be participating in the upcoming Click Frenzy Travel event sponsored by Zip. Taking place between 26 and 30 March 2025, Cathay Pacific will be offering discounts on return flights from Australia to anywhere in the world on its network. Visit the Click Frenzy Travel website from 26 March to learn more.

Win a share of $20,000 with Zip

As we move into Click Frenzy Travel, Zip will also be offering customers the opportunity to win a share of $20,000 in Zip credit. Between 26 and 30 March 2025, customers who check out with Zip at one of its travel brands, such as Cathay Pacific, will receive one entry into the competition where 40 customers will win $500 worth of Zip credit each. For those wanting to increase their chances of winning, they can make a purchase with one of the participating Click Frenzy Travel brands to secure three entries. Participants can enter as many times as they would like. The winners will be notified via email no later than 1 May 2025.

To find out more about Cathay Pacific’s new partnership with Zip and make a flight booking today, please head to the Cathay Pacific website.

Media Enquiries

Cathay Pacific: Emily Stojcevski +61 409 552 913 | Chris Mannix +61 418 408 035 | cathay@sodacommunications.com.au

Zip: media.relations@zip.co

About Cathay Pacific

Premium full-service airline Cathay Pacific is the home carrier of Hong Kong with over seven decades of history and is a founding member of the one world global alliance. Cathay also comprises the cargo division Cathay Cargo, low-cost carrier HK Express and its lifestyle business. Cathay is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE). For more information, please visit www.cathaypacific.com.

About Zip

Zip Co Limited (ACN 139 546 428) (ASX: ZIP) is a digital financial services company, offering innovative and people-centred products. Operating in two core markets – Australia and New Zealand (ANZ) and the United States (US), Zip offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants. Founded in Australia in 2013, Zip provides fair, flexible and transparent payment options, helping customers to take control of their financial future and helping merchants to grow their businesses. For more information, visit: www.zip.co

^{^}Zip Pay - Minimum monthly repayments are required. A monthly account fee of $9.95 applies. This fee is waived each month you pay your statement closing balance, in full, by the due date. Available to risk eligible and approved applicants only and subject to completion of satisfactory credit check. Other charges may be payable. Fees and charges subject to change. T&Cs apply. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878. Find out more https://zip.co/au/zip-pay.

^*Zip Money - Minimum monthly repayments are required and will vary depending on your credit limit. A monthly account fee of $9.95 applies. A one-off establishment fee may apply for new customers. Available to approved applicants only. T&Cs and credit approval criteria apply. Interest and other charges may be payable. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878. Visit https://zip.co/au/zip-money to find out more.

GameStop Customers Can Now Use Short-Term Installments Payment Provider Zip for Purchases

NEW YORK–(BUSINESS WIRE)–GameStop Corp. (NYSE: GME) and Zip Co. (ASX: ZIP), the digital financial services company offering innovative, people-centered products, today announced a partnership in which Zip will be GameStop’s primary pay-in-installments service for online and in-store customers in the U.S. GameStop is a specialty retailer offering games and entertainment products through its thousands of stores and ecommerce platforms and a leader in the $100 billion gaming industry.

With 6.3 million active customers and 81.9K merchants¹ across the U.S., Australia and New Zealand, Zip is reinventing consumer finance with innovative, flexible, and accessible solutions that empower users to confidently manage their spending, unexpected bills, and purchases.

Paying in installments has firmly established itself as a mainstream payment option, and Zip’s innovative and inclusive approach is revolutionizing access to the retail economy. Its unique algorithm welcomes a broader demographic to access credit, which not only introduces a new segment of customers to brands but also helps to address the needs of those long underserved by traditional financial institutions.

“We are so pleased to become the primary Buy Now, Pay Later partner of GameStop, a business that has been at the forefront of offering shoppers an array of customer-first options for gaming purchases, from payment options to trade-in policies,” said Joe Heck, Zip U.S. CEO. “Nearly 84% of Zip’s U.S. customers shop for gaming and accessories at GameStop, with many returning to Zip for repeat purchases. Gaming is one of Zip’s most popular categories overall, making Zip an ideal partner for helping these shoppers responsibly purchase goods and services from one of the industry’s fan-favorites and top businesses.”

To learn more about the benefits of Zip, and how your business can work with Zip and offer it as a payment option, please visit: www.zip.co.

¹As at Q2 FY25.

About Zip

ASX-listed Zip Co Limited (ACN 139 546 428) (ASX: ZIP) is a digital financial services company, offering innovative and people-centered products. Operating in two core markets – Australia and New Zealand (ANZ) and the United States (US), Zip offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants.

Founded in Australia in 2013, Zip provides fair, flexible and transparent payment options, helping customers to take control of their financial future and helping merchants to grow their businesses.

For more information, visit: www.zip.co. US loans through the Zip app and Zip Checkout are originated by WebBank, except for Zip-originated loans in CO, NV, MA, and MD.

Contacts

Press Contact

zip@moxiegrouppr.com

Zip Co.

NEW YORK – (BUSINESS WIRE) – Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products, today released its 2024 US Holiday Spending Report, highlighting how inflation continues to impact consumer behavior, while trends like “reward spending” and “self-gifting” gain momentum.

“Holiday spending is always a balance between financial discipline, the joy of giving, and the excitement of scoring discounts and deals”

The survey of over 16,000 Americans conducted from October 7 – October 17, reveals a clear generational divide in holiday spending plans. Millennials and Gen Z shoppers are ready to splurge after years of budget constraints, while Baby Boomers are taking a more cautious approach amidst the sentiment of economic uncertainty.

“Holiday spending is always a balance between financial discipline, the joy of giving, and the excitement of scoring discounts and deals,” said Joe Heck, US CEO of Zip. “Our research shows that while the looming sentiment around inflation is causing some shoppers to cut back, others are using flexible payment options like Zip to treat both their loved ones and themselves this holiday season.”

Key trends from the 2024 Holiday Spending Report:

Boomers hit the brakes – while Gen Z ramps up for reward spending: Baby Boomers are cutting back on spending, but younger generations are taking the opposite approach. After years of careful budgeting, Gen Z and Millennials are now “reward spending” – making up for lost time due to years of austerity and budgeting and indulging in some previously-postponed purchases. This generational divide is happening even as inflation cools, but negative sentiment around the economy and continued sticker shock continue to impact everyone’s holiday budgets.

• Over a third of Gen Z / Millennial Shoppers (18-34) are embracing “reward spending” – 31% said they plan to spend more on gifts than in previous holiday seasons, while 54% said they’d spend the same as in previous years, and 15% are cutting back.
• Meanwhile, 54% of consumers aged 55 and older are cutting back on spending due to higher prices and economic uncertainty.

Black Friday Deals vs. Payday Shopping: When Do People Really Spend?: The question is simple: Do shoppers time their purchases based on sales events like Black Friday, or do they shop when they have money in their pockets after payday? The answer varies:

• Black Friday and Cyber Monday remain popular shopping events, with 72% of consumers planning to participate. Men are most likely to go over their budgets during these sales (78%), followed by shoppers aged 25-34 (75%) and 35-44 (74%).
• Young adults aged 18-24 are also planning their Black Friday and Cyber Monday purchases, with 69% saying they’ll shop during these events.
• Shopping patterns differ for older consumers: 18% of those aged 55-65 prefer to make their holiday purchases shortly after receiving their paychecks rather than during major sales events.

Night Owl Shopping: The New Midnight Spending Trend: A surprising trend has emerged: 40% of shoppers make their big purchases at midnight. Why? Many retailers now launch their best deals and flash sales in the middle of the night, turning late-night hours into prime time shopping.

• Late-night shopping peaks among 25-34 year olds, with 48% making purchases during midnight sales.
• Self-gifting is on the rise: 40% of shoppers are buying themselves tech gadgets, while 23% of women prefer to splurge on beauty and spa products.

Do Gift Guides work? Depends on the age. Holiday gift guides, a staple of both media and retail brands, are essential for some shoppers but irrelevant to others:

• Gift guides are most popular with younger shoppers: 51% of those aged 25-44 use them, along with 39% of those aged 18-24.
• Interest in gift guides declines with age: only 30% of shoppers aged 45-54 use them, dropping further to 15% for those aged 55-64.

Unconventional self-gifting: While most people treat themselves to common items like gadgets, makeup, or fashion, some shoppers are taking a more eccentric approach to self-gifting. Here are some unique self-reported examples:

• An infrared sauna
• Night vision goggles
• A pair of the iconic sneakers made famous by Forrest Gump
• White Sox tickets for the whole family
• Tattoos

Why Spouses Top the ‘Hard-to-Shop-For’ List: Despite knowing them best, people find buying gifts for their closest family members—especially spouses—to be the most challenging task of the holiday season.

• Spouses top the list of challenging gift recipients, with 30% of both men and women saying their partner is the hardest person to shop for.
• Children present their own gift-buying challenge: 11% of parents struggle to keep up with their kids’ changing preferences.

Short-term installment payment services are key for managing Holiday spending: Consumers are increasingly turning to short-term installment payment brands to handle their holiday expenses. These payment plans can help lift the financial burden of the season by letting shoppers spread their costs over several installments, removing the need for immediate payment.

• 59% of consumers use short-term installment payment services for their holiday shopping.
• 1 in 4 Americans (23%) stated they are more likely to shop with retailers that offer short-term installment payment options at checkout.

To learn more about Zip, visit http://www.zip.co.

About Zip

ASX-listed Zip Co Limited (ASX: ZIP) is a digital financial services company, offering innovative and people-centered products. Operating in two core markets – Australia and New Zealand (ANZ) and the United States (US), Zip offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants.

Founded in Australia in 2013, Zip provides fair, flexible and transparent payment options, helping customers to take control of their financial future and helping merchants to grow their businesses. US loans through the Zip app and Zip Checkout are originated by WebBank. All loans are subject to credit approval.

For more information, visit: www.zip.co.

Contacts

Press Contact

Zip Co.

zip@moxiegrouppr.com