Business
BNPL goes from strength to strength
The arrival of COVID-19 in early 2020 changed life as we know it. Forecasts for the year were blown out of the water as the pandemic spread globally. The S&P/ASX 200 Index (ASX: XJO) fell 36% between February and March as concerns about the economic fall out shook investors.
The share market has slowly recovered over the course of 2020, but the recovery has been uneven. While many ASX shares have suffered directly or indirectly as a result of the pandemic, one sector has soared on pandemic tailwinds. Share prices have risen to record highs as a confluence of factors drive customer numbers skyward. We’re talking, of course, about buy now, pay later (BNPL) ASX shares.
BNPL ASX sector of the year
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