# Zip

> Source: https://docs.barcoder.ai/docs/wallets/zip
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Zip — official](https://zip.co/)

## Overview

**Zip** is an **Australian buy-now-pay-later (BNPL) provider**, operated by **Zip Co Limited** (ASX: ZIP) <sup>[1][1]</sup>. Founded in **2013** (originally as **ZipMoney / zipPay**), Zip offers interest-free instalment products through its app, browser extension and a linked virtual/physical card usable wherever Visa or Mastercard is accepted. Following a period of aggressive global expansion and subsequent retrenchment, Zip's core markets are now **Australia, New Zealand and the United States** <sup>[1][1], [2][2]</sup>.

## History

**2013 — Founded in Sydney** <sup>[1][1]</sup> by Larry Diamond and Peter Gray as ZipMoney.

**2015 — IPO on ASX (ZIP)** <sup>[1][1]</sup>.

**2017-2019 — Two products consolidated**: **zipPay** (smaller, everyday purchases) and **zipMoney** (larger, longer-term financing).

**2020 — US entry via QuadPay acquisition** <sup>[2][2]</sup>: Zip acquired US BNPL QuadPay, rebranded to Zip in the US.

**2021-2022 — Global over-expansion then pullback** <sup>[2][2]</sup>: Zip entered numerous markets (UK, Europe, Middle East via Spotii/Twisto stakes) then exited most amid BNPL sector downturn and rising funding costs.

**2023-2025 — Refocus on AU/NZ/US** <sup>[1][1]</sup>: Zip wound down peripheral markets and concentrated on its three core geographies, returning toward profitability.

## Ownership & operator

**Operating entity**: **Zip Co Limited** (ASX: ZIP) — publicly listed Australian company headquartered in Sydney.

**Founders**: Larry Diamond and Peter Gray.

**Regulators**:
- **Australia**: ASIC; subject to Australian credit regulation as BNPL is brought under the National Consumer Credit Protection regime.
- **United States**: state-level lending/regulatory framework.

## Technical integration

Zip is a **Pay-in-4 / instalment BNPL with a network-card overlay** <sup>[1][1]</sup>:

| Layer | Description |
|---|---|
| **Channels** | Zip app (iOS + Android) + browser extension + in-store/online via Zip card |
| **Identifiers** | Email + phone number + card number |
| **Core products** | Interest-free instalments (Pay-in-4 style), longer-term financing (legacy zipMoney) |
| **Card network** | **Visa / Mastercard** (virtual + physical card for tap-to-pay anywhere) |
| **Merchant integration** | Checkout button + API at partner merchants |

## Implementations & partners

**Operator**: **Zip Co Limited** (ASX: ZIP).

**Card-network partners**: Visa / Mastercard (Zip card).

**Markets**: Australia, New Zealand, United States.

**Competitors**: Afterpay (Block), [Klarna](https://docs.barcoder.ai/docs/wallets/klarna), [Affirm](https://docs.barcoder.ai/docs/wallets/affirm), [Sezzle](https://docs.barcoder.ai/docs/wallets/sezzle), Humm, Latitude.

## Status

**Active, refocused BNPL** <sup>[1][1], [2][2]</sup>:
- **Zip Co Limited** (ASX: ZIP).
- Core markets **AU + NZ + US** after exiting peripheral geographies.
- Returning toward profitability following 2022-2023 sector downturn.

## Sources

[1]: https://en.wikipedia.org/wiki/Zip_Co "Zip Co — Wikipedia"
[2]: https://en.wikipedia.org/wiki/QuadPay "QuadPay / Zip US — Wikipedia"
[3]: https://zip.co/ "Zip — official site"

- [1] [Zip Co — Wikipedia][1]
- [2] [QuadPay / Zip US — Wikipedia][2]
- [3] [Zip — official site][3]

## Source

Biography extracted from [zip.md](https://docs.barcoder.ai/source/wallets/zip). See `matrix.md` for standards-support matrix if present.