Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Derek Rose

Popular buy now, pay later company sees bad debts rise

Zip has posted record quarterly earnings as more people use the buy now, pay later service. (Derek Rose/AAP PHOTOS)

One of Australia's biggest buy now, pay later businesses has set a new earnings record as more people use its service to pay for everyday essentials such as utilities and insurance.

The news boosted Zip shares, which bounced more than 15 per cent, after it revealed a 41 per cent jump in quarterly cash earnings to a landmark $65.1 million.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.