Aplazo vs Zilch

APLAZO lets people pay for purchases in participating online and physical stores across Mexico in installments without a credit card. Customers can use online checkout, scan a QR code in a physical store, or generate an in-app virtual card for a selected store and purchase amount. Depending on the store, account and purchase, schedules include 1, 3, 5, 8 or up to 12 biweekly installments. Eligible purchases over $5,000 MXN may qualify for monthly payments of 3, 6 or 12 months when APLAZO is offered directly by the merchant. Virtual-card purchases remain biweekly, and the card will not work at a different store. Before confirming, customers can review payment amounts, dates, total cost and applicable charges; early payments are available in the app. Registration requires identification, a selfie, a mobile number and personal details, but prior credit history is not required. Spending amounts and terms depend on the account and purchase. The service is listed as free and is available on Android, iOS, web and API. Merchants can use integrations, a developer API and a PrestaShop module.

Zilch is a consumer payment app and card offering ways to pay, Rewards and credit. Customers can pay immediately, spread payments over six weeks or pay over three months, subject to eligibility and fees; listed repayment terms also include six and 12 months. Zilch advertises credit from £50 to £4,500, subject to status. Its app works wherever Mastercard is accepted, and customers can add it to Apple Pay or Google Pay. Rewards can be earned on Pay now purchases and used toward purchases. Standard is free, offers up to 5% Rewards in-app and has a £4.99 card fee. Extra costs £2.99 per month and includes a physical card; Plus costs £4.99 per month, includes a physical card and lists different Rewards rates by purchase type. Eligible Extra or Plus customers may borrow up to £100 through Advance for a £3 processing fee; eligibility requires connecting a bank account. Zilch is available on Android, iOS and web. It says credit is for UK residents aged 18 or over and subject to status.