Moshtix, Zip Partner on Buy-Now, Pay-Later Tickets
Ticketing specialist Moshtix strikes an exclusive partnership with Zip, an arrangement that will enable cash-strapped live music fans to buy tickets for the show, and pay later.
Announced today (Feb. 5), the partnership applies to all Moshtix’s Australian and New Zealand events, including Groovin the Moo and the Rhythm & Vines branded festivals in NZ.
For Zip, the alliance creates a greater foothold in the live entertainment and ticketing space, and a connection with the world’s biggest concert promoter.
Founded in 2013, Zip is an Australia-based digital financial services company that unlocks lines of credit for its customers, with a range of flexible payment (and payback) options.
Those include Zip Pay, an interest-free buy-now-pay-later service with a credit limit of up to $1,000, and Zip Money, with credit limits between $1,000 and $5,000 for regular accounts and up to $50,000 for specific merchants.
By reducing friction in the payment process, notes Harley Evans, Moshtix managing director, promoters and event organisers sell more tickets. Everyone in the food chain wins.
The Moshtix mission “has always been to remove the barriers between fans and the artist and to ‘make live easy’, and we really believe this partnership will deliver that,” comments Evans. “By giving our fans, the flexibility to purchase more tickets, we are helping event organisers welcome more fans through their doors.”
Adds Peter Gray, co-founder & CEO of Zip ANZ: “As part of Zip’s ever-growing presence in the entertainment and ticketing space, we are thrilled to announce our partnership with Moshtix in Australia and New Zealand, offering customers transparent and fairer payment options for stand out live music and events experiences that we all love”.
Moshtix launched in 2003, and, in 2019, became a Ticketmaster company when it was purchased by Live Nation Entertainment.
Less than five years after the acquisition, Moshtix late year entered another phase of evolution with Moshtix Resale.
That solution which, as its name suggest, enables a ticket-holder who can’t go to the show to put their ticket up for resale. The platform was created independently of Ticketmaster’s own fan-to-fan ticket exchange.