BNPL Zip just cut Latitude’s lunch at Harvey Norman

Simon Thomsen - December 15, 2020 < 1 MIN READ

ASX-listed buy-now-pay-later fintech Zip Co. is moving into territory recently claimed by rival Latitude Pay, announcing it will offer it Zip BNPL product at Harvey Norman, Domayne and Joyce Mayne franchisee stores.

Co-founder and COO Peter Gray said the partnership delivers on Zip’s strategic vision.

“We are thrilled to partner with such iconic brands. We look forward to providing customers with additional choice and better ways to pay as they ‘Shop with Confidence’ at Harvey Norman, Domayne, and Joyce Mayne,” he said.

The move comes just 15 months after Latitude struck a deal in September 2019 with the three brands to offer BNPL and other interest free repayment products via a Latitude GO Mastercard.

The upside for Latitude, which recently signed a five-year extension on its big ticket interest free with Harvey Norman, is that Zip plays in the smaller item – under $1000 – sales area, with LatitudePay also operating as a BNPL at the retailer.

Simon Thomsen

Simon has been editor of Startup Daily since 2019.

He hosted the Startup Daily show on streaming service ausbiz.com.au from 2020 to 2023.

He was previously associate editor of Business Insider Australia, a national restaurant critic, editor of The Good Food Guide, and newspaper proprietor during a 30-year career in journalism and publishing.

He's also an investor in early stage startups.

Simon chaired the environment committee of industry lobby group Australian Business Ltd's (now NSW Business Chamber) during the Kyoto agreement era, debating cow farts with mining execs.