Zip Co Limited (ASX: ZIP), the digital financial services company today announced plans to launch Zip® Cash*, a same-day cash loan product that extends Zip’s installment-payment experience beyond point of purchase checkout, giving eligible customers additional flexibility to everyday expenses.

Zip® Cash is built to address a common reality for millions of Americans: income and everyday expenses do not always arrive on the same schedule. Zip® Cash is an extension of Zip’s long-established and trusted Pay-in-Z products with the same consumer-first philosophy: a simple experience, transparent terms, no hard credit inquiry, and no compounding fees.

More than 100,000 Zip customers have already joined the Zip® Cash waitlist, including over 40,000 in its first 72 hours. “It gives me the peace of mind to know that the basic essentials will be taken care of,” said a Zip customer. Other customers cited fuel, essentials, and unexpectedly high bills as moments when a modest short-term buffer could help them navigate the month without judgment.

“Customers already trust us to provide flexibility at the point of purchase with our Pay-in-Z installment options, but not every expense occurs at checkout,” says Joe Heck, U.S. CEO of Zip. “Zip® Cash extends that value proposition by giving eligible customers access to funds for a broader range of everyday expenses or even a buffer between paycheck and bills. A timing gap shouldn’t have to derail someone’s plans or force them into a complicated financial product with unclear costs.”

Zip® Cash plans to initially launch to select customers in eligible states during the 2026 holiday season, with broader availability expected to follow. Eligible customers may be able to access loans of up to $500 with applicable repayment terms with funds deposited into their connected bank account as soon as the same business day. Each loan could include a flat origination fee, clearly disclosed before the customer accepts the loan. Customers would also have the option to request a change to their repayment date.

Consistent with Zip’s responsible lending approach, customers with a missed payment will not be eligible for another Zip platform loan until their outstanding payment is resolved. Unlike some industry practices that break up a cash loan into multiple fee-generating parts or rely on tips, Zip® Cash is designed to be customer-first: one loan with transparent fees.

“Zip® Cash builds on Zip’s existing Pay-in-2 platform, demonstrating the compounding value of a durable, extensible platform,” Heck said. “Similar to our other products, Zip® Cash is designed to be customer-first: one transparent loan and no hidden or junk fees. We believe we can serve customers’ short-term cashflow needs responsibly while giving them more control over their financial timeline.”

*Loans through Zip are originated by WebBank. All loans are subject to credit approval.

About Zip

Zip Co Limited (ACN 139 546 428) (ASX: ZIP) is a digital financial services company, offering innovative and people-centred products. Operating in Australia and the United States, Zip offers access to point-of-sale credit and digital payment services, connecting millions of customers with its global network of tens of thousands of merchants.

Founded in Australia in 2013, Zip provides fair, flexible and transparent payment options, helping customers to take control of their financial future and helping merchants to grow their businesses.

For more information, visit: www.zip.co

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