Business
The growth of this BNPL ASX share has been outpacing Afterpay (ASX:APT)
The values of buy now, pay later (BNPL) ASX shares have soared over the last year.
After bottoming out at $1.05 in the March 2020 COVID-19 crash, Zip Co Ltd (ASX: Z1P) shares have surged over 650% to $7.95 at the time of writing. And at one point in late August, the Zip share price even touched a record high of $10.64.
And then there’s Afterpay Ltd (ASX: APT). Since falling to a low of $8.01 in March, the Afterpay share price has skyrocketed a whopping 1730% to $146.62. With a scarcely believable market capitalisation of well over $40 billion, it is now larger than Telstra Corporation Ltd (ASX: TLS) and Transurban Group (ASX: TCL), and might soon overtake Rio Tinto Limited (ASX: RIO).
But with companies like Afterpay hogging all…
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