As one of Australia’s early buy-now, pay-later players, Zip Co has found itself in an increasingly crowded marketplace under increasing scrutiny. But founder and chief Larry Diamond is none-too-worried about the competition.
Even before COVID-19, there was consumer demand for more payment options, and declining interest in credit cards. Businesses were also increasingly moving online, where they could offer BNPL options easily.
The COVID-19 pandemic simply accelerated those trends, Diamond tells SmartCompany.
Over the past 12 months, Zip has seen its share price skyrocket.
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