Insights

Stripe and Australia's Zip Team Up to Boost Payments Among Online Retailers

Pat Crawley
Pat Crawley
28 Min Read
stripe-and-australia's-zip-team-up-to-boost-payments-among-online-retailers

Wednesday, 21/08/2024 | 19:28 GMT by Jared Kirui

  • The partnership is currently in a “testing and integration” phase, with a full launch expected by the end of the year.
  • Zip has been actively expanding its partnerships, including with Mastercard and Google Pay.

fintech payments

Digital payment processing giant Stripe has partnered with Zip, an Australian-based buy now, pay later (BNPL) provider. This collaboration promises to offer online retailers flexible payment options using Stripe’s platform, allowing purchases to be split into four installments over six weeks.

Expanding Reach Through Partnerships

The partnership followed Zip’s recent high-profile collaborations, including integrations with Mastercard and Google Pay. Zip’s Chief Commercial Officer, George Eliopoulos, highlighted the significance of the Stripe partnership, noting that it mirrors similar efforts the company has already implemented in Australia.

As the two entities undergo a “testing and integration” phase, the company mentioned that the goal is to ensure seamless functionality between Zip’s BNPL services and Stripe‘s payment platform. According to Eliopoulos, the integration is on track, with a full launch expected by the end of the year.

This partnership will initially focus on online merchants, providing them with an additional payment method to offer their customers. Zip’s recent collaboration spree illustrates its strategic focus on expanding its footprint in the highly competitive BNPL market.

More Partnerships on the Horizon?

Eliopoulos hinted that Zip is not done yet and may soon announce additional partnerships with other major payment companies, though he refrained from naming specifics. The ongoing trend of partnerships within the payments industry aims to broaden the distribution and adoption of BNPL products; a strategy Zip intends to continue following.

Last month, Stripe partnered with Sage, a UK-based software company, to facilitate cash flow management and payment processing among small and medium businesses. Stripe also debuted payment tools and financing options for small businesses in the UK, promising faster and cheaper payments. Dubbed Stripe Capital, the new offering enables businesses to access financing to expand their operations.

On the new platform, Stripe utilizes business transaction history to assess eligibility. For companies that qualify for the service, funds reportedly arrive the next business day, and repayment occurs as the enterprise earns.

Elsewhere, Stripe announced plans to relaunch crypto asset payments after ending Bitcoin transactions six years ago. The fintech firm will allow merchants to accept payments using stablecoins, which reportedly enables them to benefit from faster transactions and low fees when using digital assets.

Digital payment processing giant Stripe has partnered with Zip, an Australian-based buy now, pay later (BNPL) provider. This collaboration promises to offer online retailers flexible payment options using Stripe’s platform, allowing purchases to be split into four installments over six weeks.

Expanding Reach Through Partnerships

The partnership followed Zip’s recent high-profile collaborations, including integrations with Mastercard and Google Pay. Zip’s Chief Commercial Officer, George Eliopoulos, highlighted the significance of the Stripe partnership, noting that it mirrors similar efforts the company has already implemented in Australia.

As the two entities undergo a “testing and integration” phase, the company mentioned that the goal is to ensure seamless functionality between Zip’s BNPL services and Stripe‘s payment platform. According to Eliopoulos, the integration is on track, with a full launch expected by the end of the year.

This partnership will initially focus on online merchants, providing them with an additional payment method to offer their customers. Zip’s recent collaboration spree illustrates its strategic focus on expanding its footprint in the highly competitive BNPL market.

More Partnerships on the Horizon?

Eliopoulos hinted that Zip is not done yet and may soon announce additional partnerships with other major payment companies, though he refrained from naming specifics. The ongoing trend of partnerships within the payments industry aims to broaden the distribution and adoption of BNPL products; a strategy Zip intends to continue following.

Last month, Stripe partnered with Sage, a UK-based software company, to facilitate cash flow management and payment processing among small and medium businesses. Stripe also debuted payment tools and financing options for small businesses in the UK, promising faster and cheaper payments. Dubbed Stripe Capital, the new offering enables businesses to access financing to expand their operations.

On the new platform, Stripe utilizes business transaction history to assess eligibility. For companies that qualify for the service, funds reportedly arrive the next business day, and repayment occurs as the enterprise earns.

Elsewhere, Stripe announced plans to relaunch crypto asset payments after ending Bitcoin transactions six years ago. The fintech firm will allow merchants to accept payments using stablecoins, which reportedly enables them to benefit from faster transactions and low fees when using digital assets.

Jared Kirui

  • 1195 Articles
  • 15 Followers

Jared is an experienced financial journalist passionate about all things forex and CFDs.

  • 1195 Articles
  • 15 Followers

Finance Magnates Daily Update

Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.

Keep Reading

More from the Author

FinTech

ICYMI, our Finance Magnates Annual Awards’ nomination process got extended for one more week!

ICYMI, our Finance Magnates Annual Awards’ nomination process got extended for one more week!

ICYMI, our Finance Magnates Annual Awards’ nomination process got extended for one more week!

ICYMI, our Finance Magnates Annual Awards’ nomination process got extended for one more week!

More Videos

  • The Categories of The Finance Magnates Annual Awards

    The Categories of The Finance Magnates Annual Awards

    The Categories of The Finance Magnates Annual Awards

    The Categories of The Finance Magnates Annual Awards

    The Categories of The Finance Magnates Annual Awards

    The Categories of The Finance Magnates Annual Awards

    🌟 Ever wondered about the different categories at the Finance Magnates Annual Awards? 🏆 Join our CCO, Andrea Badiola Mateos, as she dives into the details of each award category in our latest video. Discover the significance behind each and why they matter in the financial industry. Don’t miss this insightful breakdown—perfect for anyone planning to nominate or just curious about the process! 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔 #FinanceMagnatesAwards #celebrateexcellence #ForexTrading #BrokerageExcellence #FinancialAwards #BrandRecognition #FinancialServices #MarketLeadership #IndustryInsights #ForexMarket #TradingExcellence #AwardWinningBroker #FinanceInnovation #FinancialReputation #BrokerageSuccess #BusinessGrowth #FinancialBrands

    🌟 Ever wondered about the different categories at the Finance Magnates Annual Awards? 🏆 Join our CCO, Andrea Badiola Mateos, as she dives into the details of each award category in our latest video. Discover the significance behind each and why they matter in the financial industry. Don’t miss this insightful breakdown—perfect for anyone planning to nominate or just curious about the process! 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔 #FinanceMagnatesAwards #celebrateexcellence #ForexTrading #BrokerageExcellence #FinancialAwards #BrandRecognition #FinancialServices #MarketLeadership #IndustryInsights #ForexMarket #TradingExcellence #AwardWinningBroker #FinanceInnovation #FinancialReputation #BrokerageSuccess #BusinessGrowth #FinancialBrands

    🌟 Ever wondered about the different categories at the Finance Magnates Annual Awards? 🏆 Join our CCO, Andrea Badiola Mateos, as she dives into the details of each award category in our latest video. Discover the significance behind each and why they matter in the financial industry. Don’t miss this insightful breakdown—perfect for anyone planning to nominate or just curious about the process! 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔 #FinanceMagnatesAwards #celebrateexcellence #ForexTrading #BrokerageExcellence #FinancialAwards #BrandRecognition #FinancialServices #MarketLeadership #IndustryInsights #ForexMarket #TradingExcellence #AwardWinningBroker #FinanceInnovation #FinancialReputation #BrokerageSuccess #BusinessGrowth #FinancialBrands

    🌟 Ever wondered about the different categories at the Finance Magnates Annual Awards? 🏆 Join our CCO, Andrea Badiola Mateos, as she dives into the details of each award category in our latest video. Discover the significance behind each and why they matter in the financial industry. Don’t miss this insightful breakdown—perfect for anyone planning to nominate or just curious about the process! 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔 #FinanceMagnatesAwards #celebrateexcellence #ForexTrading #BrokerageExcellence #FinancialAwards #BrandRecognition #FinancialServices #MarketLeadership #IndustryInsights #ForexMarket #TradingExcellence #AwardWinningBroker #FinanceInnovation #FinancialReputation #BrokerageSuccess #BusinessGrowth #FinancialBrands

    🌟 Ever wondered about the different categories at the Finance Magnates Annual Awards? 🏆 Join our CCO, Andrea Badiola Mateos, as she dives into the details of each award category in our latest video. Discover the significance behind each and why they matter in the financial industry. Don’t miss this insightful breakdown—perfect for anyone planning to nominate or just curious about the process! 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔 #FinanceMagnatesAwards #celebrateexcellence #ForexTrading #BrokerageExcellence #FinancialAwards #BrandRecognition #FinancialServices #MarketLeadership #IndustryInsights #ForexMarket #TradingExcellence #AwardWinningBroker #FinanceInnovation #FinancialReputation #BrokerageSuccess #BusinessGrowth #FinancialBrands

    🌟 Ever wondered about the different categories at the Finance Magnates Annual Awards? 🏆 Join our CCO, Andrea Badiola Mateos, as she dives into the details of each award category in our latest video. Discover the significance behind each and why they matter in the financial industry. Don’t miss this insightful breakdown—perfect for anyone planning to nominate or just curious about the process! 📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/ 👍 Facebook: https://www.facebook.com/financemagnates/ 📸 Instagram: https://www.instagram.com/financemagnates_official 🐦 X (Twitter): https://twitter.com/financemagnates/ 📡 RSS Feed: https://www.financemagnates.com/feed/ ▶️ Telegram: https://t.me/financemagnatesnews Don’t miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔 #FinanceMagnatesAwards #celebrateexcellence #ForexTrading #BrokerageExcellence #FinancialAwards #BrandRecognition #FinancialServices #MarketLeadership #IndustryInsights #ForexMarket #TradingExcellence #AwardWinningBroker #FinanceInnovation #FinancialReputation #BrokerageSuccess #BusinessGrowth #FinancialBrands

  • Elina Pedersen, CRO at Your Bourse, on prop trading

    Elina Pedersen, CRO at Your Bourse, on prop trading

    Elina Pedersen, CRO at Your Bourse, on prop trading

    Elina Pedersen, CRO at Your Bourse, on prop trading

    Elina Pedersen, CRO at Your Bourse, on prop trading

    Elina Pedersen, CRO at Your Bourse, on prop trading

    Elina Pedersen, CRO at Your Bourse, shares her views on prop trading at FMPS:24

    Elina Pedersen, CRO at Your Bourse, shares her views on prop trading at FMPS:24

    Elina Pedersen, CRO at Your Bourse, shares her views on prop trading at FMPS:24

    Elina Pedersen, CRO at Your Bourse, shares her views on prop trading at FMPS:24

    Elina Pedersen, CRO at Your Bourse, shares her views on prop trading at FMPS:24

    Elina Pedersen, CRO at Your Bourse, shares her views on prop trading at FMPS:24

  • Anthony Darvall, Founder of Traderflow, at FMPS:24

    Anthony Darvall, Founder of Traderflow, at FMPS:24

    Anthony Darvall, Founder of Traderflow, at FMPS:24

    Anthony Darvall, Founder of Traderflow, at FMPS:24

    Anthony Darvall, Founder of Traderflow, at FMPS:24

    Anthony Darvall, Founder of Traderflow, at FMPS:24

    Anthony Darvall, the Founder of Traderflow, on speaking on “Trading with AI: CoPilots, Not Advisors”

    Anthony Darvall, the Founder of Traderflow, on speaking on “Trading with AI: CoPilots, Not Advisors”

    Anthony Darvall, the Founder of Traderflow, on speaking on “Trading with AI: CoPilots, Not Advisors”

    Anthony Darvall, the Founder of Traderflow, on speaking on “Trading with AI: CoPilots, Not Advisors”

    Anthony Darvall, the Founder of Traderflow, on speaking on “Trading with AI: CoPilots, Not Advisors”

    Anthony Darvall, the Founder of Traderflow, on speaking on “Trading with AI: CoPilots, Not Advisors”

  • Laura Dinneen, Head of Product Marketing at Zodia Custody, at FMPS:24

    Laura Dinneen, Head of Product Marketing at Zodia Custody, at FMPS:24

    Laura Dinneen, Head of Product Marketing at Zodia Custody, at FMPS:24

    Laura Dinneen, Head of Product Marketing at Zodia Custody, at FMPS:24

    Laura Dinneen, Head of Product Marketing at Zodia Custody, at FMPS:24

    Laura Dinneen, Head of Product Marketing at Zodia Custody, at FMPS:24

    Laura Dinneen, Head of Product Marketing at Zodia Custody, on the panel “Digital Assets & Tradfi: An Evolving Market Structure”

    Laura Dinneen, Head of Product Marketing at Zodia Custody, on the panel “Digital Assets & Tradfi: An Evolving Market Structure”

    Laura Dinneen, Head of Product Marketing at Zodia Custody, on the panel “Digital Assets & Tradfi: An Evolving Market Structure”

    Laura Dinneen, Head of Product Marketing at Zodia Custody, on the panel “Digital Assets & Tradfi: An Evolving Market Structure”

    Laura Dinneen, Head of Product Marketing at Zodia Custody, on the panel “Digital Assets & Tradfi: An Evolving Market Structure”

    Laura Dinneen, Head of Product Marketing at Zodia Custody, on the panel “Digital Assets & Tradfi: An Evolving Market Structure”

You Might Also Like

Ebury Partners with Brazilian Football Club Botafogo Following Southampton FC Deal

Robinhood CEO Reveals: “I Was Never Really Doing It for the Money”

Retail Confidence Rebounds After Two Quarters; US Exposure Hits Record 43%, eToro Finds

After 10 Years, Bunq Reaches 20 Million Users But Remains Far Behind Revolut

Revolut Secures UAE Nod for Payments Business, Eyes Regional Expansion

TAGGED:
Share This Article
Leave a comment

New Releases

- Advertisement -
Ad image

Trending Stories