spot_imgspot_img
spot_img

Zip Becomes First Australian BNPL Payment Method to Be Added to PPro’s Digital Payments Infrastructure

PR Links, Singapore, September 15, 2022 PPRO, the leading provider of digital payments infrastructure, has integrated Buy Now Pay Later (BNPL) provider Zip onto its platform, further expanding its Australian payments offering.

Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods. The new integration allows PPRO’s global partners and their merchants  to offer Australian consumers a way to pay with their preferred checkout option when they shop online. According to Zip’s own research, merchants offering Zip at the checkout realise a 20% increase in conversion and top line sales and 60% increase in average order value (AOV).

With the pandemic accelerating the country’s move towards e-commerce, the Australian market presents a big opportunity for merchants marketing cross-border. In fact, Australia’s online retail market is expected to grow by 10.3% CAGR by 2024, with sales projected to reach US$59.4 billion. According to PPRO data, the top three cross-border shopping origin markets for Australians are China, the US, followed by the UK.

Tristan Chiappini, VP and Head of Partnerships APAC at PPRO, commented: “Surprising to some, Australia is one of the most complex markets in the Asia Pacific region when it comes to its payments landscape. While cash is out, Australians are ahead of the curve when it comes to using alternative payment methods like instant bank transfers, digital wallets, and BNPL products to transact online.

In fact, the popularity of BNPL continues to grow in the country, it will soon overtake credit and debit cards as a preferred payment method. The addition of Zip to our Australian payments mix enables us to better serve our PSP partners and their merchants, giving them greater access to Australian consumers and the country’s booming e-commerce sector.”

Tommy Mermelshtayn, Chief Strategy Officer at Zip, commented: “We are thrilled to partner with PPRO and become the first Australian BNPL payment method   to be added to their digital payments infrastructure. This exciting new alliance will allow us to globally scale our partner ecosystem by supporting our core markets, and better manage our partner onboarding process so that our merchants and customers continue to have the frictionless experience they expect from Zip. We’re on a mission to become the first payment choice everywhere and everyday, and partnerships like these will get us there sooner.”

Earlier this year, PPRO announced the acquisition of Alpha Fintech, a next-gen payments technology company, in a deal that will strengthen its presence in Asia Pacific and expand PPRO’s infrastructure. To learn more about PPRO, visit ppro.com.

About PPRO

PPRO is a fintech company that globalises payment platforms for businesses, allowing them to offer more choice at the checkout and boost cross-border sales.

Payment service providers, enterprises, and banks that run on PPRO’s infrastructure are able to launch payment methods faster, optimise checkout conversions, and reduce the complexities of managing multiple fund flows.

Citi, PayPal, and Stripe are just some of the names that depend on PPRO to expand their platforms beyond borders. And with a growing global team of over 600 people, it’s no wonder why they’re considered the go-to local payments experts.

PR Links
PR Links, The Best Press Release Distribution Services in Indonesia, merupakan perusahaan layanan distribusi siaran pers ke berbagai media terkemuka di Indonesia. PR Links, An TB Media Company. Kirimkan siaran pers Anda ke PR Links melalui e-mail: prlinks@technobusiness.id

Special Press Release

spot_imgspot_img

Latest Press Release

Contact PR LInks Now
Interested to:

Press Release Writing Service?

Press Release Distribution Service?

Press Release Media Monitoring Service?

PR LINKS, THE BEST PRESS RELEASE DISTRIBUTION SERVICES IN INDONESIA