Zilch secures FCA payments licence

Consumer payments platform, Zilch has announced that it has secured a payments services licence from the Financial Conduct Authority (FCA).

The licensing marks a significant milestone for Zilch, removing the reliance on third-parties and enabling the business to build more payments methods in-house, develop and bring new products to market even faster and innovate quickly as new technologies in the market unfold – such as stablecoins.

It follows two major product launches for Zilch, including Zilch Pay, set to go live in H1 2026, that will capture an increasing share of consumers’ wallets and enhance the customer experience with a one click checkout experience, and Intelligent Commerce, an AI-powered platform that transforms unmatched live engagement data into real-time insights.

Philip Belamant, Co-Founder and CEO of Zilch said “This is a major step change for Zilch, bringing us firmly into the payments tent and giving us a true seat at the table to shape the ecosystem.

 “It opens the door to new opportunities, setting us up to move even faster, more efficiently and cost effectively. 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. 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.”