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Company News
PayPal enters Australian buy now, pay later space
Global online payment giant PayPal is joining the Australian buy now pay later (BNPL) market, going up against local rival Afterpay (ASX: APT) with the launch of its ‘Pay in 4’ credit platform. In an announcement on Wednesday, the Nasdaq-listed giant said its BNPL solution will be available to its 9 million Australian customers in […]
Should ASX investors succumb to the Buy Now, Pay Later FOMO?
As with the coronavirus, the buy now, pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, fear of missing out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in […]
Zebit to use $35 million IPO to target large ‘financially underserved’ US consumer market
A $35 million initial public offering (IPO) to Australian investors will be used by United States e-commerce company Zebit to service the credit-challenged demographic in its home country. The California-based Buy Now Pay Later (BNPL) enterprise wants to tap into a pool of 120 million people, who either have no traditional credit score or are […]