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Zip Expands into Europe and the Middle East, with the Acquisitions of European BNPL Provider Twisto and UAE-based Spotii yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Quadpay, A Zip Co.: Zip Expands into Europe and the Middle East, with the Acquisitions of European BNPL Provider Twisto and UAE-based Spotii
Zip Co Limited (ASX: Z1P) (
Zip or the
has agreed to acquire the remaining shares of European Buy Now Pay Later (
BNPL ) provider Twisto Payments a.s. (
Twisto ) and has also entered into an agreement to acquire the remaining shares
of UAE-based BNPL leader Spotii Holdings Ltd (
Spotii
The transactions align with Zip s global expansion plans and the rapidly accelerating global BNPL opportunity. As demonstrated through the acquisition of QuadPay, where annual transactions have soared by over 200% post acquisition, Zip is building its playbook in successfully identifying, completing, and integrating strategic acquisitions. Twisto and Spotii are now well-positioned to leverage the benefits of this competency and the synergies of a truly global payments organisation. Twisto and Spotii are integrated into Zip s global Single Merchant
By Lucy Battersby
Iron ore miners have been volatile this morning after the bulk metal slipped back to $US200 a tonne over the weekend.
BHP was last 2 per cent lower at $46.74 and Rio Tinto fell 2.2 per cent to $119.49, continuing last weekâs poor run of form. Fortescue Metals was 4 per cent lower at $21.40.
BHP Billitonâs Iron Ore mine site at Newman, Western Australia. Iron ore prices are at historical highs currently.
Credit:Glenn Campbell
Iron ore prices fell more than 5 per cent to $US200 a tonne after a plunge in steel mill margins in China over the last fortnight.