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Buy-Now-Pay-Later Operator Zip Co. Plans to Relax U.S. Credit Settings -- Interview

Por: MarketWatch Business October 24, 2023

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Zip on Tuesday said that losses at its Americas unit represented 1.3% of platform transaction value in each month of its fiscal first quarter. That compared with 1.7% in the first month of the prior fiscal year, and with Zip's 1.5%-2.0% target range. Scott said that Zip had significantly tightened U.S. credit criteria during the last fiscal year. The first-quarter performance, which came after two years of huge losses and a 98% loss in... + full article



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