Free Subscription

  • Access 15 free news articles each month


Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

The Co-op joins digital finance platform

ZipMoneyDigital finance company, zipMoney has reached over $10 million in transaction volume on its platform in a single month, representing a first for the company since listing in late 2015.

The company recorded its largest processed volume in one month during April, driven by new merchants including a deal with book retailer, The Co-op.

“This success underpins our ambition to become the leading player in the digital consumer finance space,” said Larry Diamond, the company’s managing director.

“It validates our agile, technology-driven approach to financial services and in delivering simplicity, transparency and ease of use across the entire customer experience.”

Co-op, the country’s largest member-owned retailer, has entered into a merchant services agreement with zipMoney to use its digital, instalment payments at the checkout under zipPay.

“We had been looking for a buy now pay later option for our digital platform,” said Steffen Daleng, Co-op general manager for digital.

“zipPay ticked the most boxes — they don’t just split payments but create additional consumer purchasing power through their digital wallet while also utilising social sign-on for a frictionless checkout experience. zipPay also has a customer-friendly business model which was very important to us,” Daleng said.

Co-op joins over 40 other merchants that now uses zipPay.

Nati Harpaz, director of Octomedia, publisher of Inside Retail, has recently joined the advisory panel of zipMoney. 

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week. 

You have 7 free articles.

Masterclasses are for professionals only

Only $5 p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines