0151 GMT - Zip's bull at Macquarie sees the pace at which it collects receivables further increasing as the installment-payment provider scales its so-called pay-in-2 product. A note from one of the investment bank's analysts tells clients that the Australian company already collects more than 90% of its gross receivables within six weeks. The note points out that this quick cycling helps support asset quality, with Zip able to adjust settings based on repayment history. Pay-in-2 accounts for less than 5% of Zip's transactions by value, they add. Macquarie keeps an outperform rating and A$3.40 target price on the stock, which is down 5.2% at A$2.465. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 11, 2026 21:51 ET (01:51 GMT)
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