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Zuora Named Amazon Pay Premier Partner for Millions of Merchants Seeking to Capitalize on the Subscription Economy

October 11, 2018

SAN MATEO, Calif.--(BUSINESS WIRE)--Oct 11, 2018--Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced at its Subscribed™ New York conference, that the company has been named a Premier Partner in the Amazon Pay Global Partner Program. Merchants can now easily integrate Amazon Pay into their subscription checkout experience. Publishers including The Seattle Times and The Telegraph are now using the powerful combination of Zuora® and Amazon Pay to accelerate the shift to the subscription model and help increase their digital readership.

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Amazon Pay provides customers around the world a fast, easy and secure way to pay for products and services using the information already stored in their Amazon account. Now available to Zuora’s customers with tens of millions of subscribers, Amazon Pay on Zuora creates an incredible solution for joint merchants seeking to succeed in the Subscription Economy™. Available across the EU, UK and US, Zuora’s integration with Amazon Pay supports merchants looking to drive the growth of their digital goods subscriptions and offer their customers a payment solution that is trusted, easy and familiar.

“Subscriptions are The Telegraph’s top strategic priority,” said Chris Taylor, Chief Information Officer, The Telegraph. “The convenience and reach of Amazon Pay has significantly reduced friction and increased speed of sign up for our subscribers. In combination with Zuora, the benchmark for subscription management, this is incredibly powerful.”

“We’re thrilled to be launching with Amazon Pay as a payment method while running our subscription business on Zuora,” said Curtis Huber, Senior Director, Circulation and Audience Revenue, The Seattle Times. “To us, a subscriber-centric business model means building a technology stack that supports our customers with a seamless experience to consume our content on any device. We believe Amazon Pay and Zuora are essential to our subscription business growth. In fact, since adopting Zuora, we’ve already improved retention rate by 30 percent. With the ease of use of Amazon Pay, we expect to see retention rate increase even more.”

“Zuora has shown the value of subscription models. By extending the trust and convenience of the Amazon experience to Zuora, merchants around the world can now streamline the subscription checkout experience for their customers,” said Patrick Gauthier, Vice President, Amazon Pay. “We are excited to be working with Zuora to accelerate the Amazon Pay integration process for their merchants and provide a fast, simple and secure payment solution that helps grow their business.”

“Zuora’s integration with Amazon is huge for our B2C customers whose buyers love the convenience of using Amazon Pay to easily access their favorite subscription services. As companies expand their digital payment options, the importance of integrating with Zuora - their core billing platform - is even greater. Merchants can easily add additional payment methods, like Amazon Pay, without adding complexity or disrupting a seamless buying experience,” said Tom Krackeler, Senior Vice President of Product, Zuora.

Amazon Pay Director of Global Marketing Kelly Wenzel will speak today at Zuora’s annual conference Subscribed™ New York.

About Zuora, Inc.

Zuora provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Powering the Subscription Economy™, the Zuora® platform was architected specifically for dynamic, recurring subscription business models and acts as an intelligent subscription management hub that automates and orchestrates the entire subscription order-to-cash process, including billing and revenue recognition. Zuora serves more than 1,000 companies around the world, including Box, Komatsu, Rogers, Schneider Electric, Xplornet and Zendesk. Headquartered in Silicon Valley, Zuora also operates offices in Atlanta, Boston, Denver, San Francisco, London, Paris, Beijing, Sydney, Chennai and Tokyo. To learn more about the Zuora platform, please visit www.zuora.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks, uncertainties and assumptions, including but not limited to statements regarding the expected benefits of Zuora’s core billing platform. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the “Risk Factors” section of Zuora’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on September 12, 2018, as well as other documents that Zuora may file from time to time with the SEC. The forward-looking statements in this press release are based on current expectations as of the date of this press release and Zuora undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

© 2018 Zuora, Inc. All Rights Reserved. Zuora, Subscription Economy, Powering the Subscription Economy, and Subscription Economy Index are trademarks or registered trademarks of Zuora, Inc. Other names and brands may be claimed as the property of others. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release.

SOURCE: Zuora Financial

View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005120/en/

CONTACT: Zuora, Inc.

Jayne Gonzalez, 408-348-1087

press@zuora.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY ONLINE RETAIL DATA MANAGEMENT INTERNET SOFTWARE SECURITY PROFESSIONAL SERVICES FINANCE RETAIL

SOURCE: Zuora, Inc.

Copyright Business Wire 2018.

PUB: 10/11/2018 09:00 AM/DISC: 10/11/2018 09:01 AM

http://www.businesswire.com/news/home/20181011005120/en

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