zipMoney: Zip share prices skyrocket as company enters US market

Share prices have skyrocketed after buy now, pay later company, Zip, bought United States-based company Quadpay which provides a similar service for US consumers. Zip Chief Executive Larry Diamond told Sky News it was the company's "mission" to be "the first payment choice everywhere and everyday". Zip allows customers to make online purchases and pay for them over the course of a month, interest free. "Australia has been a leader in the interest free revolution where we sought out to disrupt the credit card, an unfair product which focuses on high interest revolving balances with long dated repayments," Mr Diamond said. "We believe the interest free, pay later solution is perfect. It's still incredibly early in the buy now pay later space in America and the trends that we've seen here in terms of credit card closures over the last couple of years we expect to accelerate over in the US, and early indications are absolutely that." Image: Getty