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Zip Co (Z1P) $7.06

Z1P +1.29%: Announced a new deal with Microsoft (MSFT US) today – a stock we hold in our International Equities Portfolio  – to integrate into the Microsoft Edge browser. This is another incremental positive for customer acquisition into November/Christmas period. While the Product is not in the Microsoft store, it will utilises payment details in the browser for any merchant online meaning Z1P will appear alongside Visa, Mastercard and AMEX and importantly, it is the only  BNPL to be integrated into Edge browser globally. Edge has 600m installs across the World and the USA is the largest market for the group.  Whilst MSFT doesn’t disclose payment volumes, it’s safe to say it’s big and will help Z1P add to its existing  ~5m US customers that are doing annualised volumes of ~$3.2b.

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MM remains bullish Z1P
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Zip Co (Z1P)
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