ஆஸ்திரேலியா ஸிப் இணை லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Zip in April flagged plans to expand into Asia Company had raised an extra A$400 million in April (Adds background, details on recent capital raise) May 24 (Reuters) - Australia’s Zip Co Ltd said on Monday it fully acquired a buy-now-pay-later (BNPL) company each in Europe and the Middle East for a total of A$160 million ($123.65 million) as it looks to expand its global presence in a rapidly growing industry. The deals come about five months after Australia’s No.2 BNPL player raised money to buy stakes in Czech Republic-based Twisto and the United Arab Emirates-based Spotii. A surge in online shopping during the COVID-19 pandemic and the growing appetite for instalment payments have led BNPL firms to explore newer markets to stay ahead of each other as well as traditional financial firms such as PayPal Holdings.

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