Zilch has come up with a Buy-Now Pay-Later (BNPL) card that allows shoppers to access products from retailers without any additional costs. As the number of Zilch BNPL sign-ups increases, the company has closed the new round to improve the payment system. Last year, the company launched its first BNPL card that enables clients to access products that accept MasterCard.
The card can work in more than 10,000 online stores such as Amazon, Adidas, eBay, and iTunes. Most people who have used it believe it will revolutionize shopping. Clients can pay 25% of the product’s price using the virtual card and clear the balance in six weeks. Plans are underway to enable clients to use Zilch while shopping in-store.
Zilch announced a $10 million funding to enhance the BNPL scheme. The plan is to enable Zilch to connect with its clients directly. Additionally, the funds will also help Zilch increase its customer reach and sort out the long waiting list of more than 60,000 people. Zilch also wants to distribute their cards in developing economies like South Africa and South America. According to Zilch’s CEO, Philip Belamant, the young generation should quickly gain access to what they want without having to pay extra.
Zilch got a partnership with MasterCard that enables clients to make online payments without much stress. Shoppers in the UK can sign up for the Zilch Virtual MasterCard using their details, and the virtual card is processed immediately.
Zilch is led by the Company chairman, Serge Belamant, and CEO, Philip Belamant.
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