In an industry first, Xplor Technologies, a global platform combining SaaS solutions with embedded payments and Commerce Accelerating Technologies for the childcare and education sector, has today announced a pioneering new collaboration with leading ‘buy now, pay later’ solution, Zip, to offer families more choice and flexibility when it comes to paying for childcare services.
The agreement will see families attending care at Australian childcare centres that use Xplor services able to spread the cost of paying for childcare over time, helping to relieve the financial burden of paying fees upfront. Xplor serves over 10,500 childcare centres in Australia and New Zealand.
Xplor is committed to continually evolving its software solutions to meet emerging consumer needs. The partnership with Zip will enhance our offering for childcare providers and families, allowing early learning centres to diversify their revenue streams, and in turn, allow families to benefit from the flexibility of this new option.
— Floris de Kort, CEO of Xplor Technologies
The new initiative aims to provide families with access to short-term financing to pay for childcare sessions. Xplor’s collaboration with Zip will empower families to have greater control of their financial situation, removing the need to involve the centre or ask for a payment plan.
We are excited to venture into the buy now, pay later ecosystem with Zip, to be able to offer people more flexibility with how they pay for childcare. We know there is demand for tailored payment options in the Australian market and believe this innovative initiative will improve access to childcare for more families.
— Mark Woodland, CEO of Education at Xplor
This move follows the growth of the buy now pay later market in Australia and New Zealand—last year, around six million people used buy now pay later products, such as Zip.
This deal is the first of its kind for both the childcare industry and Zip. Teaming up with Xplor Technologies, we will use our financial solution to empower and offer flexibility for both families and childcare providers.
— Colin Baines, Zip’s Director, Commercial
Zip will be available to Xplor’s network of childcare centres from early November. Families will be able to access the service directly from their childcare centre’s mobile app, ensuring an efficient and quick payment process. The innovative collaboration with Zip aims to provide a sector-wide solution for families, at scale.