Zip Shares Rise Amid Best Buy Partnership Expansion

MT Newswires Live10-27 13:23

Zip Co (ASX:ZIP) shares rose almost 6% after it expanded its partnership with Best Buy nationwide, bringing its flexible payment options into physical Best Buy locations across the US, according to a Monday statement.

The company said eligible customers can now use Zip at the register by tapping to pay with the Zip app on their phone, bringing the online flexibility to offline stores.

The expansion reflects a measurable shift in consumer behavior, the statement added. Zip's US in-store transaction volume grew 61% from a year earlier in the first quarter of fiscal 2027, with in-store purchases climbing to 30% of total US transaction volume, it said.

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