Zip Bolsters Leadership Team with Addition of Financial Services Industry Veteran Andy Stearns Amidst Ongoing BNPL Adoption Surge in the U.S.
17 Juillet 2023 - 3:00PM
Business Wire
Former American Express and Capital One Executive to Drive
Strategic Partnerships for Enterprise, Mid–Market and SMB Merchant
Initiatives
Global digital payments innovator Zip Co Limited (ASX: ZIP),
today announced the appointment of veteran payments and financial
services industry leader Andy Stearns as Senior Vice President and
Head of Merchant Business, starting immediately, for the U.S.
market. In his new role, Stearns will focus on accelerating the
growth of Zip’s merchant network and driving product innovation to
assist retail merchants in effectively capitalizing on Zip's
mission and commitment to creating a financially fearless world,
attracting customers who value flexible payment options, and
promoting financial well-being among all.
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Global digital payments innovator Zip
appoints veteran payments and financial services industry leader
Andy Stearns as senior vice president and head of the merchant
business, starting immediately, for the U.S. market. (Photo:
Business Wire)
Before joining Zip, Stearns spearheaded all customer management
groups within Capital One's Business Cards & Payments
organization. His influence extended to small, mid-sized, and large
companies throughout the United States. Prior, Stearns led the
go-to-market efforts of Capital One’s Commercial Card business as a
founding member of the team, leading the growth of sales, customer
management, sales strategy and analytics as well as marketing and
product strategy since the inception of the business, playing a
pivotal role in propelling Capital One's Commercial Card business
toward rapid growth. During his tenure at American Express, Stearns
served as director of small business relationship management and
global corporate payments business development. Andy earned a
bachelor's degree from Cornell University.
"Andy is an exceptional global financial services leader, and we
are thrilled to have him join Zip," said Zip's Global CEO and
Co-Founder Larry Diamond. "His unparalleled expertise within the
payments industry and vast network make him uniquely suited for
this pivotal role. We eagerly anticipate the valuable contributions
he will bring to our organization."
Stearns is deeply committed to social justice, education, and
poverty alleviation, as evidenced by his dedicated volunteer work
with organizations such as World Vision, Harbor House Ministries,
and Commonwealth Catholic Charities. Through his involvement, he
has actively contributed to creating positive change in communities
at home and around the world empowering individuals in need.
"I am thrilled to be an integral part of the remarkable Zip
success story," Stearns added. "With my extensive go-to-market
experience in the payments industry and the remarkable skills,
mission, and entrepreneurial spirit of the Zip team, we continue to
be an unstoppable force in the rapidly expanding Buy Now, Pay Later
landscape. At Zip we already have strong traction in the US working
with partners including Best Buy, Fanatics, Newegg, SHEIN, Mercari
and many thousands more but in reality, Buy Now Pay Later is still
in its infancy and expected to grow 3X in the next 5 years in the
US. Now is the time for merchants to capitalize on the opportunity
& together, we will further revolutionize the industry and
leave a lasting impact."
Founded in Australia in 2013, Zip’s mission is to be the first
payment choice, everywhere and every day. Zip gives consumers and
merchants around the world access to transparent, flexible, and
interest-free credit. Driven by people-centered product innovation,
Zip is the next generation of payments, helping consumers and
businesses to take control of their financial future across the
globe. Tens of thousands of retailers around the world offer Zip as
a payment choice to millions of growing active customers globally.
Zip has an average rating of 4.9 stars across its US and Australian
App Stores. For more information or to become a Zip merchant visit:
https://zip.co/us
ABOUT ZIP
ASX-listed Zip Co Limited (ASX: ZIP) is a leading global
financial services company, offering innovative, people-centered
products that bring customers and merchants together. On a mission
to be the first payment choice everywhere and every day, Zip offers
point-of-sale credit and digital payment services around the world,
including through strategic investments, connecting millions of
customers with its global network of tens of thousands of
merchants. Zip provides fair, flexible, and transparent payment
options to individual consumers, helping them take control of their
financial future and helping merchants to grow their businesses.
Zip is committed to responsible lending and is managed by a team
with over 100 years of collective experience in retail finance and
payments. Zip is also a licensed and regulated credit provider and
was founded in Australia in 2013. For more information, visit:
www.zip.co
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Zip US Angela Nibbs, Maven PR for Zip US
zip_us@maven-pr.com
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