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Zip Card is Now Live: Details of BNPL Offline Offering

A long-awaited physical card from BNPL pioneer Zip Co is now ready to launch

Zip Card BNPL

Zip Card is Now Live. Source: zip.co

Australian fintech Zip has announced the availability of the newest product in its portfolio – Zip Card. The physical BNPL card is powered by WebBank and can only be used for in-store purchases in the US. 

While Zip Card offers traditional Zip’s ‘Pay-in-4’ functionality, it expands opportunities for brick-and-mortar retailers that don’t support contactless payments. Besides, the card can be used for online payments on platforms where Zip is not a checkout option. 

Previously, Zip customers only had access to one-time-use virtual cards. The purchase requests should have been created every time to avail of the new BNPL credit. Within a pilot programme testing the physical Zip Card, 90% of participants said it makes in-store shopping easier. Similar to virtual BNPL options, Zip Card doesn’t affect customers’ credit scores. 

The company claims it has 250,000 people on its waitlist. 

SEE ALSO:

Zip closes money management app in efforts to safeguard the BNPL business

BNPL users to reach over 900 million globally by 2027: Juniper Research

CFPB set to regulate BNPL

Nina Bobro

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Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.