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Z1Pâs share price rallied today after the company announced the partnership with Wesfarmerâs Target Australia Pty ltd to offer Zipâs interest-free payment services to Target customers. Currently, i.e. 13 September 2018 (2:02 PM AEST), ZIPâs stock has moved as high as 5.34% to $1.085.
ZIP Co Limited (ASX:Z1P) offers a point-of-sale credit and digital payment services to merchants and customers across health, retail, education and travel industries. What makes it distinct is its zipPay no interest account offering crediting facilities and hassle free checkout experiences to customers.
The partnership with one of the Australiaâs largest retailer Target has caught a bullseye to the company. This deal would enable Z1P to expand its presence across Targetâs 303 stores and its online business. Z1P offers to prove seamless checkout experience to Target customers both online and in-store. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
 Zip CEO and Managing Director, Larry Diamond stated: âWe are delighted to partner with a truly significant and quintessentially Australian brand in Target and are proud to be their first in-store alternative payments offering. We believe Zip will be a great fit for Target, providing their customers with a better way to pay.â
It is expected that Z1P payments offering would be live by mid October 2018 across the entire Target network, both online and instore.
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