$1 Club, page-2473

NOT saying anything will happen - but is there a reason IOU logo is a knock off of Zip's logo ? Could there be a pre-emptive deal in the works for a tie up with IOU and Zip ? Far fetched but interesting

A really out there idea came to mind when I thought about this - and decided to look up what Zip's plans are for expansion into Asia since Afterpay bought out Empatkali in August.

Came across interesting articles signaling Zip's asia expansion intentions. Not sure what to make of it but does seem positive that they will have a landgrab into asia. Zip mentioned about partnerships and how they might enter the asian markets.

https://www.*.com.au/zip-expansion-coronavirus-credit-checks-2020-8

This week, both Zip and Afterpayhit all-time share price highsas they handed down full-year financial results.

While both came off the boil to some degree on Friday, there’s been plenty behind their rise as both keep on expanding at a spectacular rate.

For Zip, theacquisition of QuadPay in the United Stateswill essentially double its user base to more than four million globally. Meanwhile, Afterpay’s acquisitions have helped push it to 10 million, all while the global economy lumbers into an economic crisis not seen since the Great Depression.

“In spite of the economic circumstances, we’ve maintained a really strong growth rate which is a testament to the resilience of [Zip’s] business model,” Zip co-founder Peter Gray told Business Insider Australia.

He has alsolong claimed Zip’s credit checks are the real deal, unlike perhaps some of its competitors which target younger shoppers.

To date at least, the local platforms have punched well above their weight globally in terms of the buy now pay later sector as well as on the share market.

“It helps that we’re really recognised in Australia. Gerry Harvey’s 60-month interest-free ads for years on TV really helped the idea resonate here before we kind of took it to the next level,” Gray said.

Now the business is expanding into the US and, belatedly due to COVID, the UK. Further ahead, Gray is also hopeful there could be an eventual move into Asia at some point. With Afterpay already looking to Singapore and possibly China, the region could soon prove home to the next competitive landgrab.

“We think it’s a very interesting opportunity but it’s really critical about how you enter and who you partner with,” Gray said.