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Less than a year since launching in the US, Australian-based Buy Now, Pay Later (BNPL) service, Afterpay has reached its milestone one millionth customer.
Power Retail’s first ‘Spotlight Series’ report has revealed that 1.8 million Australian consumers are actively using buy now, pay later services, representing a growth rate of 120 percent per annum.
After news broke on Wednesday that the Senate plans to launch an inquiry into popular buy now, pay later services, Afterpay shares dropped substantially. Now, the company seems to be recovering.
Ozsale has entered the consumer payments market with the development of its own, proprietary, interest-free, ‘buy-now, pay-later’ platform, Ourpay, taking on companies like Afterypay and Zipmoney.