Daily Price Movement / General Discussion, page-34361

Come on Zip - this was ASX announcement worthy.. First BNPL to tap into childcare industry.
This will open up so many new Zip accounts in Aus and NZ.

Zip (ASX:Z1P) share price up amid childcare partnership news. Zip is linking up with the childcare industry.

The Zip Co Ltd (ASX: Z1P) share price is currently higher amid news that the buy now, pay later operator is linking up with a business in the childcare sector.

According to reporting by The Australian, from next month families will have the ability to pay for childcare at more than 10,000 centres in Australia and New Zealand by using buy now, pay later.

Zip is working with Xplor Education which provides administration and parental support to childcare centres. The buy now, pay later option will be added to payment options with centres linked with Xplor Education.

There are two benefits that will supposedly come from a shift to buy now, pay later. The first is that Xplor Education aims to make childcare more affordable and flexible for families. The other area is saving on time because of how often staff are chasing fees and collecting invoices.The Australian quoted Xplore Education CEO Mark Woodland, who said:

"We know there is demand for tailored payment options in the Australian market, and believe this innovative initiative will improve access to childcare for more families. What we’ve added through the Zip partnership is the ability for parents to spread the cost of childcare, which can be incredibly expensive. Parents usually have to choose between picking up an extra shift and having to choose if their child can go into care or not, and they just don’t have the means to fund it."