Neobank 86 400 announces partnership with buy now pay later platform Zip

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on June 09, 2020
Neobank 86 400 announces partnership with buy now pay later platform Zip

Buy now, pay later platform Zip and neobank 86 400 have today announced they will be partnering up to help Australians take better control of their money.

86 400 users will soon be able to link and view all their Zip transactions and balances from within the neobank's app.

The partnership between two of Australia’s leading fintechs will tap into the growing trend of Australians looking to ditch traditional banking and financial products for digital alternatives, such as buy now, pay later (BNPL). 

"Millions of Australians are looking for new and better ways to pay and are adopting smarter technologies, such as 86 400 that help them better manage their banking," Zip Co CEO Larry Diamond said.

"It was an absolute pleasure working with 86 400, a digital-first organisation like Zip, where customers can now access the latest in everyday banking.

"We are equally as excited about new features that make it even easier for customers to leverage both companies’ offerings within a seamless digital experience.”

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            Since launching to the public in September, 86 400 has been focused on offering modern data and analytics to “help customers gain a better understanding of their savings and spending habits” and take control of their money.

            86 400 CEO Robert Bell said the neobank and Zip are both like-minded businesses with a shared purpose. 

            "We were both built to give Australians better experiences with their money, and so by working together, we can accelerate our shared mission.

            "Both Zip and 86 400 invest heavily in technology, and we have a single-minded focus on doing what’s right for the customer, every second of every day. Be it our Energy Switch service, or Zip’s Shop Everywhere feature, these products enable Australians to get more out of their money,” Mr Bell said.

            Later in the year, 86 400's Customer Experience Engine will be integrated with Zip's consumer products to give customers more visibility over their finances.

            More details on the partnership are expected to be announced soon.

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            Emma Duffy is Assistant Editor at Your Mortgage and  Your Investment Property Mag, which are part of the Savings Media Group. In this role, she manages a team of journalists and expert contributors committed to keeping readers informed about the latest home loan and finance news and trends, as well as providing in-depth property guides. She is also a finance journalist at which she joined shortly after its launch in early 2019. Emma has a Bachelor in Journalism and has been published in several other publications and been featured on radio.


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