Business
Afterpay global users surpass 11 million – The Australian Financial Review
Afterpay shares are up after it said sales more than doubled in the first quarter and customers defaulting are “below historical rates in all regions”.
Afterpay it facing tough competition in the US, especially from QuadPay, which was recently bought by Zip. Analysts are closely monitoring US customer numbers as competition in the buy, now pay later space also draws in giants like PayPal, which last month released a ‘Pay in 4’ product, sending Afterpay’s stock down sharply.
“A key question is whether Afterpay has sufficient scale to compete with the likes of Squares ‘Cash App’ and
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