Zilch Launches Pay over 3 months interest-free regulated product
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Thursday, February 22, 2024
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The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.
Key Points:
- The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.
- View the full release here: https://www.businesswire.com/news/home/20240222797743/en/
Zilch Launches Pay over 3 months interest-free regulated product (Graphic: Business Wire)
The new ‘Pay over 3 months’ product has already been made available to around 100,000 Zilch customers in a trial. - The launch will provide Zilch customers with even greater choice when paying, enabling them to go in app and seamlessly choose between ‘Pay over 3 months’, the shorter-tenor ‘Pay over 6 Weeks’ or, for day-to-day purchases, Zilch’s reward-earning ‘Pay Now’ debit product where they earn up to 5%.
- When opting to ‘Pay over 3 months’, Zilch customers will pay 25% up-front and spread the remaining purchase price over three instalments, just like they currently do when making interest-free credit repayments over six weeks.