Some highlights from a Stock head article....
Zip reckons India could be a big BNPL market and it just invested in a local operator
Zip told shareholders it was making an investment inZestMoney, a BNPL operator in India which boasts 11 million registered users, 10,000 merchants and a presence of over 75,000 physical stores.Citing data from Redseer, an internet-focused consulting firm, Z1P said that by FY26, India is expected to have US$300 billion in BNPL payment volume.
That volumed will be driven by online shopping trends and India’s relatively young population, with more than half of its 1.4 billion population under 30.
ZestMoney’s boss Lizzie Chapman also lauded the deal.
“This is deep validation of our position as the market leader in BNPL category in India,” she said.
“We believe India will leapfrog traditional products like credit cards along with many other emerging markets, going straight to digital payment solutions.
“We strongly believe India will emerge as the largest BNPL market in the world over the next 5 years.”
stock head com.au/news/zip-reckons-india-could-be-a-big-bnpl-market-and-it-just-invested-in-a-local-operator/
Ann: Zip makes strategic move into India, page-126
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