Afterpay

Sezzle

Buy now, pay later firm Zip to buy US rival Sezzle in $352 million deal

Buy now pay later (BNPL) firm Zip Co Ltd has said it would buy US-based Sezzle Inc in a A$491 million (approximately $352.59 million) deal, as it looks to further expand its reach ...

Jack Dorsey

Jack Dorsey’s Block beats profit estimates

Block Inc, the payments company of Twitter Inc founder Jack Dorsey, posted better than expected fourth-quarter profit thanks to a highly volatile bitcoin market and booming online ...

Afterpay

Afterpay’s meteoric rise as a lending pioneer

Block Inc, formerly Square Inc, is set to complete its acquisition of buy now, pay later (BNPL) company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history.

Afterpay

Afterpay gets shareholder nod for Block Inc buyout; majority of proxy votes in favour of deal

Buy now pay later firm Afterpay Ltd said on Tuesday its $29 billion buyout by Block Inc, previously known as Square, got overwhelming support from shareholders, with 99.79% of the ...

Platform Economy in Australia, primarily in Melbourne and Sydney

Australia proposes new laws to regulate crypto and BNPL sector

Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its A$650 ...

Commonwealth Bank: Australia

Australia’s CBA partners with Silicon Valley AI firm H2O.ai

Commonwealth Bank of Australia said it acquired a minority stake in a Silicon Valley-based artificial intelligence firm, H2O.ai Inc, in a bid to provide smarter and personalised pr...

Jack Dorsey

Square quarterly profit jumps on bitcoin boost

Square reported a nearly 60% rise in third-quarter gross profit on Thursday, fuelled by a jump in bitcoin transactions on its peer-to-peer payment service Cash App.

Westpac

Westpac to launch zero-interest digital card with young consumers in focus

Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the ...

Afterpay

The $29 billion deal in 11 weeks: how Square bought Afterpay

Jack Dorsey introduced the world to expressing itself in just 140 characters as the creator of Twitter Inc, and his payments company, Square Inc, also likes getting straight to the...

Jack Dorsey

Jack Dorsey leads $29 billion buyout of lending pioneer Afterpay

Square Inc, the payments firm of Twitter co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant ...

Afterpay

Australia’s Afterpay to launch banking app in October

Afterpay Ltd will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intens...

PayPal

PayPal Australia takes on Afterpay with no-late fee ‘buy now, pay later’ offer

PayPal’s new “buy now, pay later” offering in Australia will not charge late payment fees, the US payments giant has said, as it attempts to edge past main indust...

e-commerce in latin america

Buy now, pay later platform Sezzle tests the waters in India

Rising FinTech Sezzle is testing its service offering in India for an expected launch at the end of the year, Charlie Youakim its CEO said, as competition intensifies in the indust...

Platform Industry: Tencent logo at an event

China’s Tencent buys 5% stake in Australian buy-now-pay-later business Afterpay

Chinese gaming and social media group Tencent Holdings has bought a 5% stake in Afterpay, the Australian buy-now-pay-later firm has said.