• Zilch shifts from MasterCard to Visa for multi-year deal, launches first physical card.
• Physical Visa card usable globally, offering a tangible option for five million users.
• Deal enables new products, scales AI-driven payments for savings and efficiency.

BNPL startup Zilch has teamed up with Visa for a major agreement that will allow it to make its first physical card, shifting from Mastercard. At the Money 20/20 conference in Amsterdam, the deal was introduced as a way for Zilch to increase its presence and improve its services for more customers.

 Zilch, which launched in 2020, uses MasterCard to offer its users BNPL services via a virtual card. MasterCard is not revealing its rationale for leaving banking, but doing so will most likely send billions in yearly payments to Visa’s international infrastructure.

Zilch currently has five million users and may be listed on the London Stock Exchange, noting that its new Visa card will be more flexible, meeting the needs of people who look for security in a physical card. Cardholders will be able to use it anywhere in the world where Visa is accepted, tapping into a vast network of over 150 million merchants. Reports indicate that joining Visa means Zilch can offer more to its users, making this a major advance for the Fintech Company.

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The agreement is expected to help Zilch release more new offerings, which will enhance its presence in the BNPL market. Zilch plans to make its AI-powered payment solutions more accessible by working alongside Visa which helps process payments all over the world. It is expected to give better benefits to both consumers and merchants.

“Today’s announcement is about scaling reach, deepening utility, and setting the stage for the next era of Zilch. This move will allow us to fully deploy our ad-enabled payments technology across both digital and physical retail, bringing measurable savings to consumers and margin efficiencies to merchants,”  Says Philip Belamant, CEO and co-founder of Zilch.