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 Afterpay Ltd (ASX:APT) share price was trading 23% higher today following news it welcomed a new substantial shareholder in Chinese technology company Tencent Holdings Ltd (HKG: 0700).
The Tyro Payments Ltd (ASX:TYR) share price was trading 4.56% higher today following news of a trading update.
The buy now, pay later industry, including Zip (ASX:Z1P) and Afterpay (ASX:APT), faces a ‘Code of Practice’. The share prices of Zip and Afterpay are up.
Zip (ASX:Z1P) has announced that it is going to conduct a capital raising to raise up to $60 million from investors.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.55% at lunch.
The Zip (ASX:Z1P) share price is going nuts thanks to Amazon, it’s up around 15%.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.12% on Wednesday.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.53% at lunch.
Zip (ASX:Z1P) has announced its September 2019 quarter update, revealing another three months of good month.
