BUZZ – Zip's push into crypto and more can keep it in BNPL race – Jefferies15 September 2021 6:16 am* Zip Co Ltd's move to offer cryptocurrency trading, saving accounts and physical cards will help it stay relevant, Jefferies says* The buy now, pay later (BNPL) sector has started to show signs of consolidation with larger firms entering the booming space with purchases of pure-play BNPLs... ...* Zip, among the most shorted Australian stocks, has tapped new markets and is boosting its marketing spend to compete with deep-pocketed rivals* Zip will also introduce a tool to build credit scores, crypto-rewards, a single global API integration for merchants among others* Co-founder Peter Gray told Reuters in July it was looking to offer crypto trading with a launch within the next year...* Jefferies says Zip's hard push to expand is possible since its transaction margin is higher than rivals; FY margin 3.5% vs Afterpay's 2.1%* Zip is targeting a margin of more than 2%* Zip also trades at a large discount to rivals, something the company has noted, and is looking to add more U.S. investors(Reporting by Nikhil Kurian Nainan) (([email protected]; Twitter: @NikhilKurianN)© 2021 Thomson Reuters. Click for Restrictions.
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Last
$1.79 |
Change
-0.060(3.25%) |
Mkt cap ! $2.297B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.85 | $1.78 | $12.13M | 6.701M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 190260 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 368 | 5 |
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| ZIP (ASX) Chart |