Checkout.com becomes Zilch’s primary global acquiring partner

Ad-subsidised payments network Zilch has chosen digital payments solution provider Checkout.com as its primary global acquiring partner, with a particular focus on the UK and US markets.

Zilch’s payments network supports more than 145 currencies and its domestic acquiring coverage extends to over 45 markets.

Zilch called the appointment of Checkout.com “an important milestone” in its operations and technology strategy as it adapts to its rapid growth.

In February, the company introduced new offerings, including ‘Pay over 3 months’, in addition to ‘Pay over 6 weeks’, for its 3.6 million registered users. Zilch cardholders currently make an average of 100 transactions per year, with more than 10 million payments per month processed through the platform.

Zilch’s chief executive Philip Belamant

Philip Belamant, chief executive officer and 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.”

He also highlighted the importance of collaborating with UK fintechs, like Checkout.com, to showecase the strength of the country’s fintech ecosystem.

Guillaume Pousaz, founder and chief executive officer of Checkout.com, added: “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.”

Belamant is co-chair of the newly-formed Unicorn Council for UK FinTech, launched by Innovate Finance in March.

He co-chairs UCFT alongside Janine Hirt, chief executive officer of Innovate Finance and Charles McManus, chief executive officer of ClearBank.