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Afterpay (ASX:APT) share price facing new competitive pressure – Motley Fool Australia
The Commonwealth Bank of Australia (ASX: CBA) is the latest to muscle in on Afterpay Ltd’s (ASX: APT) turf. Should investors be worried?
The Commonwealth Bank of Australia(ASX: CBA) is the latest to muscle in on the booming BNPL space that sent the Afterpay Ltd(ASX: APT) share price rocketing to the moon.
Australia’s largest listed bank launched a zero-interest credit card that’s aimed to win market share from Afterpay, reported News.com.au.
CBA’s move comes a day after National Australia Bank Ltd.(ASX: NAB) issued a card with the same benefits.
Afterpay share price under pressure
The Afterpay share price slumped 2.9% to $73….
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