Le Lézard
Classified in: Science and technology, Business, Covid-19 virus
Subject: PDT

Zip Announces its BNPL Service to Help Shoppers Pay Bills Interest Free


SYDNEY, Nov. 29, 2020 /PRNewswire/ -- The coronavirus pandemic has thrown normal spending habits out the window. With many Australians continuing to access Government coronavirus supplements, and landlords being pressured into decreasing rent payments and offering forgiveness plans, it seems many consumers are just trying to get by.

As consumers cast off the idea of traditional credit, Buy Now Pay Later (BNPL) providers are leading the way in new payment plans. This has led a shift in mindset for Australians who are thinking of using their interest-free BNPL accounts to pay for essential bills when normally they would use these services exclusively for product purchases.

Although some might see Buy Now Pay Later as another form of credit, there are safeguards in place for consumer protection. Hardship assistance programs are common among BNPL providers as their client base is increasingly affected by recession and loss of employment. With a movement away from conventional credit sources, consumers look for new interest-free payment options within the BNPL industry.

While Australian's adjust to their new normal, Buy Now Pay Later companies have been thinking up ways to adapt to the current market. For example, Australian-based BNPL provider Zip now offers the opportunity to pay for bills in interest-free instalments. Zip allows users to pay for their bills anywhere that BPAY® is used, and then pay back the cost over a scheduled payment plan.

Interest-free payment plans such as Zip's may appeal to those who are looking to cover their essential costs like household bills without the stress of a large upfront expense. For some living week to week, this small delay on their payments could be the respite needed to successfully make it to the next payday.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

 

SOURCE Zip


These press releases may also interest you

at 19:30
With over 40,000 pharmacists and 60,000 pharmacy technicians improving the health of Californians, the California Pharmacists Association (CPhA) applauds President Biden's expansion of testing sites and the use of pharmacy professionals to vaccinate...

at 19:25
People's Bank of Commerce ("PBCO" or the "Company"), and Willamette Community Bank , announced today the Boards of Directors for both PBCO and WMCB have unanimously approved an increase to the merger consideration, which will be forthcoming in an...

at 19:06
When Denisha Mann learned about an opportunity to help protect her community during the pandemic, the lifelong Baltimorean stepped out of her comfort zone and up to the task of contact tracing, despite having no previous professional experience in...

at 19:00
Lyft, Inc. today urged federal officials to ensure that drive through vaccination sites are accessible to people with mobility challenges. In a letter to the acting administrator of the Centers for Medicare & Medicaid Services, Megan Callahan, Vice...

at 18:50
Federal-Provincial-Territorial (FPT) Ministers responsible for the Status of Women met virtually on January 21-22 for their 38th annual meeting and endorsed the Federal-Provincial-Territorial Ministerial Joint Declaration for a Canada free of...

at 18:35
Priority Management announces that the COVID-19 vaccine is now available to all their facility residents and staff members. All residents, employees and anyone being treated at the facilities are strongly encouraged to be vaccinated and can be...



News published on 29 november 2020 at 07:11 and distributed by: