Zip Co Ltd (ASX:ZIP) provides customers with a revolving line of credit to finance their retail purchase with its brands of Zip Pay, Zip Money and Pocketbook. It is one of the largest Buy Now, Pay Later (BNPL) providers in Australia. Some of its largest clients include Bunnings Warehouse, Appliances Online, EB Games and Officeworks. Zip Co shares once traded under the ‘Z1P’ ticker symbol but have since changed to ‘ZIP’ (the old Ziptel ASX ticker symbol).
The Zip Co Ltd (ASX: Z1P) share price sunk 10.14% and Sezzle Inc (ASX: SZL) plummeted 15.61% as interest rates, inflation and infection take over.
The S&P/ASX 200 (ASX: XJO) finished the week on a stronger note on Friday as Zip Co (ASX:Z1P) and Link (ASX:LNK) shares made headlines.
The Zip Co Ltd (ASX:Z1P) share price is up more than 4%, it has completed the acquisition of European business Twisto Payments.
The Zip Co Ltd (ASX: Z1P) share price sunk 5.16% yesterday after major competitor Affirm signed an exclusive deal with Amazon.
The Westpac Banking Corp (ASX: WBC) share price has sunk 5% today after the business provided an underwhelming FY21 result.
Interest rates may be rising sooner than expected. But there are some reasons why higher interest rates could be good.
The Airtasker Ltd (ASX:ART) share price is on watch today after the marketplace business announced its FY22 first quarter numbers.
The S&P/ASX 200 (ASX: XJO) finished flat on Friday as BNPL shares including Afterpay (ASX:APT) and Zip (ASX:Z1P) made headlines.
The S&P/ASX 200 (ASX: XJO) weakened throughout the day on Tuesday as BHP (ASX:BHP) and Tabcorp (ASX:TAH) shares were in the news.
