Latest Breaking News On - Zip co ltd - Page 7 : comparemela.com
Why is the Zip share price smashing the ASX 300 today?
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Here s why the Zip share price had a ripper month in July
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These ASX All Ords former stars have halved in a year Are they cheap?
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Can Zip shares recover after a quarter of improvements?
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The country's biggest standalone buy-now-pay-later (BNPL) provider said Australia's June-quarter net bad debts, which are written off as a percentage of the total transaction value (TTV), came in at 3.1% - its highest value since the first quarter of 2022. BNPL companies typically offer on-the-spot interest-free short-term loans with minimal credit checks that spread payments over weeks or months, and are largely used by cash-strapped people taking debt, sometimes more than they can afford. "Zip AU experienced net bad debts . reflecting a combination of controlled TTV, seasonality, increasing softness in the external environment impacting consumer credit more broadly . Zip AU has again adjusted settings and implemented initiatives in response to current market conditions," the company said in a statement.