Zip and Deko team up to enhance checkout offering

By Megha Bhattacharya

Leading retail finance platform Deko, has announced a partnership with Zip, the global Buy Now, Pay Later (BNPL) pioneer, which has been added to Deko’s multi-lender platform. The partnership allows customers to pay over four interest-free instalments, supporting merchants seeking to expand their turnover as the UK’s economic recovery accelerates.

Mike Dawson, CEO of Deko, commented, “We are delighted to be entering into a growth partnership with Zip. They have been a huge success story internationally and have ambitious growth plans in the UK. Because we develop a deep relationship with our merchant partners, which gives us the insight and understanding of their operations, we are able to provide them with the most suitable payment solutions. By partnering with ZIP, we are further enhancing our merchant’s finance offerings which in turn delivers more spending power to the end customer and greater sales to them.”

The partnership with Zip will allow more merchants to participate in the growing BNPL sector. Deko’s multi-lender platform utilises multiple lenders to deliver the right credit product for each merchant and customer. This enables customers to receive a finance decision that is most appropriate for their needs within seconds, and importantly for merchants, boosts their sales.

Belinda Mackey, Senior Partnerships Manager at Zip, said, “Forging partnerships with innovative platforms like Deko is a major part of our strategy to support merchants in the UK. We look forward to working with many of Deko’s merchants to help fuel their growth and provide their customers a better, more flexible way to pay.”

Recently, Zip accelerated the global expansion of Buy Now Pay Later (BNPL) by becoming an Accelerate partner in the Adobe Exchange Partner Program. It has strengthened its relationship with Adobe in a bid to provide digital payment options to Magneto’s network of merchants.