BENGALURU: 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 intensifies, the company said yesterday.
The move by Afterpay into banking will test the reach of its relationship with users after a year of explosive growth that saw more people choose to pay in installments for everyday items during the pandemic.
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