Happy Saturday (sorry its late)!

Welcome to the sixth instalment of This Week in Fintech. Thanks for subscribing 🙌 

The low down ⏱️

Zip launches Zip Plus credit card, Airwallex launches USD and AUD Yield accounts, Tyro Health now supports digital health cards, Rush now offers silver investing, Kit launches Apple Pay, Square offers more AI tools for sellers, N26 closes its Brazilian operations, Goldman Sachs is closing its consumer credit card business in the US, Robinhood to launch in UK and EU.

This week in Australia 🇦🇺

Zip launches Zip Plus Credit Card

With the credit limit changes coming to Zip Pay on effect on 13th December Zip has started a selective rollout of a new product called Zip Plus. Current eligible customers selected to upgrade will receive an invite to apply for the product in the app.

This new product offers:

• Credit limits from $2,000 to $4,000

• Pay anywhere with Visa (including overseas)

• No international transaction fees

• A $9.95 monthly fee will apply if you have a balance owing or no fee if there is no balance

• No interest charged on owing balances of $1,500 or less at the end of each calendar month

• An interest rate of 12.95% p.a. accruing daily will apply to the owing balance if it exceeds $1,500 at the end of the month

• Choose the frequency of your repayments; weekly, fortnightly or monthly - so long as you meet your minimum monthly repayments

For current customers on Zip Pay with credit limits on a $2,000 credit limit they will have their limits reduced to $1,500 on the 13th of December also.

Learn More →