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News for January 23, 2022

NewBook Announces Industry-First Buy Now, Pay Later Integration with Zip Co.

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NewBook, a global Property Management System (PMS)  provider, has worked together with global financial services company Zip Co. (ASX: Z1P) to introduce a buy now, pay later (BNPL) feature.

The integration was added for accommodation operators to offer more flexible payment options when accepting online bookings, as per a release.

Photo courtesy of New Book

NewBook is recognized in the industry for its many market-first innovations. The integration with Zip is no exception as they become the first property management system provider to market. The new integration’s launch is just in time for the holidays, with accommodation providers expected to see an uptick in online bookings as COVID-19 restrictions continue to ease. The integration will also open new doors for properties to secure additional bookings and boost occupancy rates.

“BNPL is continuing to boom, and businesses need to adapt to consumer needs. This integration means NewBook customers can make travel more accessible thanks to Zip’s flexible payment options that start from as little as $10 per week. It will also assist in maintaining a steady cash flow for their business, with same-day settlement,” said NewBook’s Head of Product, Amy Gibbons.

Photo courtesy of Zip Co.

“The partnership with NewBook and Zip is super exciting because it allows consumers a more flexible and interest-free way to pay for their holidays. It is all about giving holidaymakers the choice to lock in accommodation now, when physical distancing and border restrictions are easing, and pay it off later in months, not years, using Zip’s flexible repayment offering,” Colin Baines, Zip’s Director, Commercial said.

About NewBook

NewBook is an award-winning property management and online booking system for accommodation providers. Founded in 2010, the company has scaled over the past 11 years into a global market leader with three international offices and over 50,000 users. NewBook’s mission is to build high-quality products delivered with passion, so customers can create memorable experiences.

For more information, visit www.newbook.cloud.

About Zip

ASX-listed Zip Co Limited (Z1P: ASX) or (“Zip”) is a leading global financial services company, offering innovative, people-centered products that bring customers and merchants together. On a mission to be the first payment choice everywhere and every day, Zip offers point-of-sale credit and digital payment services in 13 markets worldwide, including through strategic investments, connecting millions of customers with its global network of tens of thousands of merchants.

One of the fastest-growing BNPL providers globally, Zip has a presence in Australia, Canada, Czech Republic, India, Mexico, New Zealand, the Philippines, Poland, Saudi Arabia, South Africa, UAE, the United Kingdom, and the USA. Zip provides fair, flexible, and transparent payment options to individual consumers and SMBs, helping them take control of their financial future and helping merchants grow their businesses. Zip is committed to lending responsibly and also owns Pocketbook, a leading personal financial management tool. Founded in Australia in 2013, Zip now employs over 1000 Zipsters worldwide.

For more information, visit: www.zip.co or www.zip.co/au/business/payments.

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