Buy now, pay later provider Zip claims it is growing faster than Block’s Cash App in the world’s biggest market, after reporting record first-half earnings.
Zip shares surged 15 per cent to $2.74 after the consumer finance and payments fintech said cash earnings more than doubled over the six months to December 31. The number of transactions going through its platform grew sharply, especially in the US, where young female users out shopped all other demographics.
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