Zilch BNPL ( Buy Now, Pay Later) is a London-based business that offers customers a virtual credit card that allows them to pay 25% upfront and the rest over time. They want the customers to be able to buy what they want without having to worry. Customers can pay the due amount within six weeks with no interest nor surprises. Zilch has been thriving since 2019. They are one of the first BNPL cards that can be used in major retail stores with no additional fees.
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Zilch partnered with MasterCard to bring these unique payment plans. This virtual credit card has a 0% interest rate and can be used in retailers like Amazon, UGG, Nike, to name a few. The customer’s affordability is calculated by an AI and an open banking system. Zilch funds low-value purchases to protect the shoppers from over-borrowing. This card will be available to be used in stores very soon as well. Currently, shoppers can sign up online and Zilch will issue the credit card as soon as they see it.
The goal of Philip Belamant and Chairman Serge Belamant (the founders) is to assist customers in managing their money in a way that fits them best. They want to help others improve their lives and receive what they deserve without extra fees.