Zip and Blackhawk Network Partner to Increase Buy-It-Now, Pay-Later Acceptance Online and In-Store

PLEASANTON, Calif .– (COMMERCIAL THREAD) – Consumers expecting increased flexibility in the way they shop and pay, a new partnership between global leader in branded payments, Blackhawk Network, and global innovator Buy Now, Pay Later, Zip Co Limited, formerly known as Quadpay, is bringing new ways to buy gift cards just in time for the holiday season.

The partnership will integrate the Blackhawk-branded payment network to more than 5 million Zip app users, enabling them to purchase gift cards on the Zip platform. Additionally, the Zip’s Pay in 4 product will be available as a payment method to purchase gift cards on GiftCards.com, GiftCardMall.com and through Blackhawk’s proprietary platform which currently serves over 500 major merchants, expanding the opportunity for consumers to buy now. , Pay later on these gift card marketplaces. This partnership means consumers can now access Zip’s flexible payment options in a convenient gift card format, giving them even more options to pay their way.

Zip and Blackhawk are also working together to enable more retailers to accept Buy Now, Pay Later at physical outlets. The parties will integrate to provide US retailers with the ability to accept Zip as an in-store payment method using QR codes as a form factor. Blackhawk’s alternative payment solution, SpendIt, will support Zip’s Buy Now, Pay Later solution, in addition to other leading domestic and international mobile wallets, including cryptocurrency wallets.

Global Gift Card Market Expected To Reach Around $ 2 Trillion Over The Next Seven Years1 and on top of that, the Buy Now, Pay Later industry is expected to reach $ 995 billion by 20262. The innovative combination of Zip and Blackhawk technologies enables retailers to offer shoppers more convenient payment options, promoting customer acquisition and additional spend at checkout.

“Our partnership with Zip is a major victory for consumers looking for greater flexibility in their shopping and payment experience,” said Brett Narlinger, Global Commerce Manager at Blackhawk Network. “With the Buy Now, Pay Later space expected to quadruple in the coming years, these new innovations will be essential in continuing to provide innovative purchasing options to consumers and retailers. ”

As a pioneer in the Buy Now, Pay Later marketplace, Zip continues to experience immense growth in the retail space. As consumers adapt to more flexible purchasing and payment options, Zip is helping drive adoption of Buy Now, Pay Later as a must-have tool in the retail landscape.

“Bringing branded gift cards and payment solutions to the Zip platform and providing consumers with new ways to shop is a huge asset for our buyers,” said Adam Ezra, CO-CEO of Zip US. “Blackhawk is an industry leader in transaction processing, and its flexible and scalable APIs provide Zip major access to this new trading and buying opportunity. Our ability to seamlessly integrate technology, transformation and consumer awareness into this new retail environment has been a priority for our team. ”

Blackhawk is accelerating the transformation of digital payments with the adoption and expansion of digital wallets, mobile apps and contactless payments. To learn more about Blackhawk Network’s suite of innovative payment solutions, please visit our website.

About the Blackhawk Network

Blackhawk Network delivers branded payment solutions through prepaid products, technologies and network that connect brands and people. We collaborate with our partners to innovate, translating market trends into branded payments to increase reach, loyalty and revenue. We reliably execute security-focused solutions around the world. Join us as we shape the future of global branded payments. Learn more at blackhawknetwork.com.

About Zip

Zip Co Limited (ASX: Z1P) or (“Zip”) is a leading global financial services company, delivering innovative, people-centric products that bring customers and merchants together. With a mission to be the first choice for payments everywhere, every day, Zip offers point-of-sale credit and digital payment services in 13 markets around the world, including through strategic investments, connecting millions customers to its global network of tens of thousands of merchants.

One of the fastest growing BNPL companies in the world, Zip has operations in Australia, Canada, Czech Republic, Mexico, New Zealand, Philippines, Poland, Saudi Arabia, South Africa , United Arab Emirates, United Kingdom and United States. Zip offers fair, flexible and transparent payment options to individuals and SMEs, helping them take control of their financial future and helping merchants grow their businesses. Zip is committed to responsible lending and also owns Pocketbook, a leading financial management tool. Founded in Australia in 2013, Zip today employs more than 1,000 Zipsters worldwide.

For more information visit: www.zip.co/us.

1 “Global Opportunity Analysis and Industry Forecast, 2020-2027” – Gift Card Market by Card Type (Open Loop Gift Card, Closed Loop Gift Card) and End User (Retail Establishments) , corporate institutions) was published by Allied Analytics LLP in December 2020.

2 “Buy Now Pay Later: Vendor Strategies, Regulatory Frameworks & Market Forecasts 2021-2026” was published by Juniper Research in June 2021.


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