View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 15, 2021

Perkbox taps Zip to offer flexible payments options to employees

Employee experience platform Perkbox has joined forces with buy-now-pay-later (BNPL) outfit Zip to enable instalment payments for its employees.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

One of the perks on the Perkbox platform is the sale of digital discount vouchers as well as gift cards for redemption at supermarkets to retailers.

The partnership of the firm with Zip will allow its users to make payments for such vouchers and gift cards through a digital wallet in a flexible manner at zero interest.

Zip UK managing director Anthony Drury said: “Our partnership with Perkbox sees two businesses come together on common ground: to provide greater choice to consumers and to support merchants to flourish despite the global challenges and rapid changes occurring in the retail market.”

The tie-up is said to be the first of its kind in the UK with an employee benefits firm.

It strengthens Perkbox’s wider offering for enhancing financial wellbeing and financial literacy.

Perkbox director of Global Partnerships Joel Tobias said: “Our recent market research showed that financial discounts remain one of the top perks that employees want for 2021. This partnership comes at a time where retailers are operating under the toughest conditions yet.

“Consumers meanwhile are being especially careful with spending because of the economic uncertainties. Perkbox users will be able to shop with financial savvy, ensuring their money goes further with greater control over their spend.”

Recently, a report said that Zip has decided to ramp up the company’s expansion plans in the UK, despite a government decision to regulate the sector.

In January this year, Hong Kong’s premier digital payment solutions provider AsiaPay partnered with Zip to enable BNPL instalment payment service for Australian merchants.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International