BNPL or Buy Now Pay Later is the future of spending. This solution for the future is what Zilch touts as a groundbreaking payment solution and it is gaining some traction. This little-known company based out of London has approximately 15,000 new customers monthly and with Mastercard as a partner, the sky is the limit.
You spoke. We listened. pic.twitter.com/mSCBE2yJ3U
— Zilch (@PayZilch) April 8, 2021
Zilch is fully regulated by the Financial Conduct Authority (FCA) because at its core Zilch ensures it is lending responsibility to users and encouraging financial wellness practices. This is extremely important since this type of spending is geared towards Millenials and Gen Z shoppers. With a 25% initial payment at over 10,000 online retailers Zilch gives users the ability to spread payments over six weeks. This unique payment system not only allows consumers to purchase big-ticket items it also helps them to manage cashflows with a manageable timeline.
Both Philip Belamant (CEO) and Serge Belamant (Chairman) are no strangers to success, they both have businesses listed on Nasdaq and featured on Forbe’s top 100 companies.
Philip is correct when he says “consumers are ready for a dramatic change when it comes to credit and lending” this is especially true when the company’s tag line is Zero interest, Zero surprises, Zero stress.
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