Zip Co Limited has announced a strategic partnership with Primer to expand and optimize its payments stack, as Zip further accelerates its growth opportunity in the US market. The announcement follows Zip's recent year-end results, which revealed record transaction volumes (TTV) of $8.9 billion (up 7.0% YoY) and record group revenue of $693.2 million (up 16.1% YoY). In the US, Zip exited fiscal year 2023 with positive cash EBTDA on a sustainable basis.

Primer unifies payment and commerce services while delivering a powerful set of payment recovery, success and insights tools to provide businesses with unrivaled flexibility and visibility across their payments lifecycle. They will support Zip to access and connect new card acquirers and processors, fraud and communication tools to boost top line, while leveraging features such as fallbacks to reduce operational costs and build for contingencies. The partnership with Primer will further drive distribution of Zip's BNPL offering, lender WebBank, with plans for Primer to also add Zip as a payment option, enabling merchants across retail, fashion, travel and mobility industries to add Zip to their payments stack with just a few clicks.