Zip US, a digital financial services company and a subsidiary of Zip Co Limited (ASX: ZIP), has announced its support for Stripe’s Shared Payment Tokens (SPTs). This integration aims to extend Zip’s flexible payment solutions into emerging AI-powered commerce and payment experiences.
The initiative addresses a shift in how consumers make purchases, with AI agents increasingly assisting in transactions. Stripe’s Shared Payment Tokens are designed to enable AI agents to initiate transactions on a customer’s behalf using their preferred payment method, without exposing sensitive payment credentials. Traditionally, AI-driven transactions have often relied on card-on-file payments, which can limit the availability of alternative payment methods.
Rory Herriman, U.
S. Chief Technology and Operating Officer of Zip US, commented on the development, stating, “At Zip, we believe even as technology evolves, trust should remain with the customer. Agentic AI has the potential to make shopping more seamless, but it also raises an important question of who is really in control? Our role is to ensure the answer is always the customer. By supporting Stripe’s Shared Payment Tokens, we’re bringing flexible payment options into these new experiences in a way that preserves choice, transparency, and confidence at every step.”
Kevin Miller, Head of payments at Stripe, also noted the upcoming support, saying, “Our Shared Payment Tokens will soon support Zip, enabling AI agents to offer flexible payment options to buyers at checkout. By bringing Zip to agentic transactions, we are helping businesses lift conversion while giving buyers more options in how they pay.”
This move represents a further phase in Zip’s existing partnership with Stripe, focusing on the delivery of flexible, transparent, and secure payment experiences at scale. Zip Co Limited, founded in Australia in 2013, operates in Australia, New Zealand, and the United States, offering point-of-sale credit and digital payment services. Loans through Zip are originated by WebBank. Stripe, a technology company, provides economic infrastructure for the internet, enabling businesses globally to accept payments and manage online operations.
