Helping the UK to benefit from Buy Now Pay Later

Our legal support to Zip brought together Shoosmiths’ FinTech team of technology & FinTech, financial services, and data protection experts to provide a ‘best in class’, seamless service to ensure its contractual arrangements were fit-for-purpose and compliant with regulatory requirements (including GDPR, FCA regulations such as SYSC, and other financial services regulatory requirements). This included Shoosmiths’ FinTech team advising on merchant integration agreements (with The Hut Group, The Fragrance Shop, Shein, The Entertainer, Boohoo, Laser Clinics, Fanatics, JD Sports, Homebase and others), data services agreements with credit bureau (including Transunion and Experian), the innovative implementation of ‘virtual cards’ as a mode of delivery for services in the UK, and proposed A