Qantas’ deal with Afterpay

  • Aviation
  • Tuesday, 07 Jul 2020

Qantas planes are seen at Kingsford Smith International Airport, following the coronavirus outbreak, in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott

SYDNEY: Qantas Airways and Afterpay Ltd said on Monday they had agreed to allow users of the airline’s frequent flyer programme to benefit by using the buy-now-pay-later firm’s payment platform.

Under the agreement, Qantas frequent flyers could earn points after linking their membership number to their Afterpay account, the firms said in a joint statement to the stock exchange.

The deal is the latest boost for Afterpay, an alternative credit firm offering small loans to mostly to online shoppers, which has benefited from a shift to online shopping during the coronavirus crisis.

Afterpay’s shares rose nearly 2% in early trade against a 0.3% drop on the ASX200 index, hitting a record high scaled in the previous session. — Reuters
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