There has been rapid growth in the buy-now-pay-later digital payments Australian market, with new research revealing 1.95 million Aussies used digital payments in the year to the end of September - up from 1.38 million in the previous 12 months.
A majority of Australians now use digital payments, according to a new report revealing that awareness of digital payments is now an almost universal 93.9%, with 72.4% using at least one digital payment method over an average 12-month period.
If you thought a credit card was the only way to "book now" and "pay it later", zipMoney and Luxury Escapes have a different way to do it.
Digital retail finance industry company zipMoney is raising $20.6 million to provide additional loan book equity capital, expansion capital and to fund the proposed acquisition of personal finance management software provider Pocketbook, after the signing of a non-binding agreement between the two companies.
Online lender zipMoney has secured a $100 million loan from US asset manager Victory Park Capital and will use the funding to expand and offer ‘buy now pay later’ financing to customers of the major retail chains.
Klika, which counts itself among Australia’s top 20 online retailers, has introduced new branded products and a ‘socially responsible’ affordable flexible line of zipMoney credit.
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