Zip

Zip is a 'Buy Now, Pay Later' service that allows customers to split purchases into installments. This is fundamentally different from Wise's offering, which focuses on international money transfers at mid-market rates and multi-currency accounts. Zip does not offer any of the 'must-have' features such as mid-market exchange rate transfers, transparent low fees for international transfers, multi-currency accounts, borderless debit cards, or fast international transfer execution. Its core business model is consumer financing for purchases, not cross-border payments or multi-currency management.