Zilch is launching an “AmEx card for Gen Z.” We told you “Buy Now, Pay Later” services are trending among young consumers, especially with the holiday shopping season in full swing. Now, London-based fintech company Zilch is getting into the game with a new “responsible,” handy alternative to BNPL. The firm is launching what they dub “an American Express [card] for Millennials and Gen Z” which offers users a personalized credit line which is paid back in installments. If they succeed, it could “eat into the profits of both BNPL and traditional credit cards.” (Sifted)
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