Zip Co Ltd (ASX: Z1P) announces partnership with Officeworks

Fintech company Zip Co Ltd (ASX: Z1P) has announced a partnership with Officeworks, the Wesfarmers Ltd (ASX: WES) owned supplier of office products and solutions.

The partnership will allow customers to make interest free payments at Officeworks using their Zip digital account.

This follows previous announcements made by Zip to partner with Virgin Australia Holdings Ltd (ASX: VAH) subsidiary Tigerair Australia.

Zip CEO and managing director, Larry Diamond, believes that the partnership with Officeworks delivers on Zip’s strategic vision and continues to build upon its presence in the home, school and educational sectors.

Zip shares were up 3.75% following the announcement.

Zip operates under the Zip Pay, Zip Money and Pocketbook brands. Zip shareholders will be hoping that the new partnerships announced by the company can help it compete against major rival Afterpay Touch Group Ltd (ASX: APT).

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Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

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The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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