NewBook Announces Industry-First Buy Now, Pay Later Integration with Zip Co.
Sydney – 8th December 2021: Global Property Management System provider, NewBook, has partnered with leading buy now, pay later (BNPL) provider, Zip Co (ASX: Z1P). The integration was introduced in order for accommodation operators to provide more flexible payment options when accepting online bookings.
NewBook is recognised 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.
This new integration has become available just in time for the holiday period, with accommodation providers expected to see an increase in online bookings as COVID-19 restrictions continue to ease. The integration will also open up the opportunity for properties to secure additional bookings and boost their occupancy rates.
NewBook’s Head of Product, Amy Gibbons said: “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.”
Colin Baines, Zip’s Director, Commercial said: “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 holiday makers 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.”
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 3 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
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 around the world, 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 to take control of their financial future and helping merchants to 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.