Payment service Zip partners with Tigerair

Company News

by Rachael Jones

Alternative payments provider Zip (ASX:Z1P) has delivered record revenue and cashflow in their quarterly update.

Their revenue was up 23 per cent this quarter to $11.2 million.

Customer numbers were up 19 per cent.

Their revenue yield of 18 per cent continues to trend towards their long-term target of 20 per cent.

Low-cost carrier Tigerair joined forces with them this month allowing customers to book their flights, go on holiday and pay off their airfares at a later date.

Shares in Zip (ASX:Z1P) 3.09 per cent higher at $0.83.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.