Australia's ZIP among top gainers on ASX 200 after partnership with U.S. payment firm

Zip Co

16/08/2024 02:38

** Shares of ZIP  ZIP.AX  rise as much as 6% to A$2.045,
their highest since Aug. 1
    ** Stock posts its biggest intraday gain since Aug. 9
    ** Zip among top gainers on the ASX 200 benchmark
    ** Digital financial services firm announces strategic
partnership with payment technology firm Stripe in the U.S.
    ** Says eligible U.S. merchants can now easily enable Zip as
a payment method, which can help attract new customers and
increase both conversion rates and basket sizes
    ** Adds Zip had earlier partnered with Stripe in Australia
last year
    ** Zip shares are set for a weekly gain of 16%, its best
since mid-June
    ** Stock has more than tripled in value this year, as of
last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))