Afterpay rival Zip is hoping its push into “crypto” will be a hit with younger customers that are clamouring to get their hands on digital assets.
Affirm said Amazon customers would be able to use its service on purchases of $US50 or more — including items like furniture,home goods,electronics and fashion — and pay in monthly instalments.
The old joke about investing in China with its limitless opportunities for profitless growth does not apply to buy now,pay later.
Joining forces with Square will make Afterpay a tougher competitor to smaller rivals as they race to roll out BNPL products around the world.
The tech giant’s foray into payments,Apple Pay,has gained no traction in the crucial online retail market,Zip Co co-founder Peter Gray says.
Investors have warned that Afterpay and other buy now,pay later operators face a formidable potential rival in technology giant Apple.
Peter Gray,co-founder of Australia’s second-largest buy now,pay later operator,says it is ready to rev up its overseas growth engine.
The key local rival to Afterpay is aiming to crack into Europe’s $1.1 trillion e-commerce market through the purchase of Twisto.
The US is the outsized toddler within Afterpay’s global business and is now the largest contributor to underlying sales.
Zip co-founder Peter Gray says banks eyeing the buy now,pay later market had a trust problem with younger generations that have flocked to the sector.
The Reserve Bank is inching closer to changing the surcharge rules for the buy now,pay later sector.