DIGITAL BANKING

Philip says the company has built its user base over five years without direct regulatory authorisation for payment services.“ In just five years, we’ ve amassed over 5.3 million users and thousands of retail partners based on the strength of our proposition and product,” he says.“ Now with our licence, we are even better positioned to develop this further and take advantage of new innovations as they mature to support the next phase of our rapid expansion.”

That growth has been supported by an expanded collaboration with AWS, which enables Zilch to process large volumes of data through AI and machine learning services. The company generates over 500 million customer data sets, with 50 % of its customer base connected through open banking.

74 February 2026