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Zip Pay joins Australian rideshare service GoCatch

Woman In Car Rideshare In City of Los Angeles

GoCatch customers can now ride now, pay later.

Local rideshare service GoCatch has added buy now pay later provider Zip as a payment option, meaning customers can now book a ride and then pay the fare back over time.

Passengers with a Zip account simply need to add it as a payment method using the GoCatch app, then when they're ready to book their next ride, choose Zip as the payment option.

The cost of the fare can then be repaid, interest-free, on a weekly, fortnightly or monthly basis, according to the customer's Zip payment schedule.

Giving customers the option to ride now and pay later potentially sets GoCatch apart from rival Uber, with the US rideshare giant not currently offering a similar payment option. GoCatch was the major competitor to Uber when it launched in Australia in 2012, and counted James Packer and Alex Turnbull as investors.

It also signals Zip's intention to move further into everyday transactions, and position the buy now pay later industry as a mainstream payment method. As Peter Gray, co-founder and COO of Zip, told Finder, expanding the availability of Zip as a payment option is part of their strategy moving forward.

"We will continue to partner with some of Australia's leading brands to give our customers more places to shop. Broadly speaking, our shorter term strategy is: more customers, more places, and more transactions," he said.

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