By: 3 April 2024

Checkout.com has been selected for its global acquiring footprint, which will help to fuel Zilch’s future expansion plans

Zilch selects Checkout.com for global acquiring

Zilch, the ad-subsidised payments network (ASPN), today announces it has selected Checkout.com, the digital payments provider, as its primary acquiring partner globally, with a particular focus on the UK and USA.

The multi-year contract between Zilch and Checkout.com will support Zilch as they advance their financial infrastructure and accelerate towards their endgame of capturing total share of consumer wallet.

Zilch currently sees over 10 million customer payments every month. This means that with a payments network supporting over 145 currencies and domestic acquiring coverage in over 45 markets, Checkout.com will ensure Zilch continues to offer fast and reliable high-performance payments.

This appointment represents an important milestone in Zilch’s operations and technology strategy as it rapidly evolves to support the company’s growth. In February of this year Zilch expanded its consumer debit and credit offering with the launch of a three-month payment option, alongside its existing six-week offering, for its more than 3.6 million registered users.

Philip Belamant, chief executive officer & co-founder of Zilch, said: “Checkout.com’s innovation and robust track record in partnering with some of the world’s biggest companies made the decision to expand our partnership an easy one. Having worked together for over two years, I’m certain that this move will be a game changer in our tech stack and payments infrastructure.

“In addition, Zilch is excited to partner with another leading UK fintech in Checkout.com. It’s testament to the strength of the UK’s amazing fintech ecosystem and is another reason why I am proud to be a founding co-chair of the recently launched Unicorn Council for UK Fintech.”

Guillaume Pousaz, founder and chief executive officer of Checkout.com, commented: “We are delighted to be working with Zilch, a category-leading fintech, to ensure that payments acquiring and processing is a business enabler and not a business distraction for Zilch as it successfully continues on its incredible growth journey. It’s an exciting moment to join forces in such a dynamic market where our technology is powering many of the world’s leading companies.”

Images: Zilch, Checkout.com

Robert Welbourn
Robert Welbourn is a content editor at FinTech Intel.