Afterpay Will Roll Out Banking Application Soon

Afterpay Will Roll Out Banking Application Soon-01

Afterpay will introduce its banking application in October 2021 to extend its offerings beyond buy now, pay later services. At present, it has a 3.5 million-plus Australian user’s base and this initiative will help will develop as the market competition intensifies.

This new move into banking will experiment the reach of its relationship with consumers as people choose to pay in instalments for stuff amid the pandemic.

The new application, “Money by Afterpay will be tested by the company staff from now. It also got a financial service licence to offer debit cards as well as general financial product advice.

Source: Reuters

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