Business
How ASX shares like Afterpay (ASX:APT) push for explosive growth – Motley Fool Australia
ASX shares like Afterpay, Tyro and others are using strategic partnerships to rapidly expand the number of transactions and clients.
Most fintech ASX shares operate in contested markets of high volume transactions with low margins. Nonetheless, many of them have been able to rapidly increase their level of transactions via careful strategic partnerships.
For instance, Tyro Payments Ltd(ASX: TYR) recently announced a partnership with Bendigo and Adelaide Bank Ltd(ASX: BEN). ASX share Tyro is currently Australia’s 5th largest merchant acquiring bank, falling just after the big four banks. Meanwhile, Bendigo is Australia’s 5th largest…
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