Business
Has CBA found its Afterpay-killer? – The Motley Fool Australia
The Commonwealth Bank of Australia (ASX: CBA) has finally taken on buy now, pay later giant Afterpay Ltd (ASX: APT) at its own game.
About time, CommBank!
I mean, it’s only been a couple of years – during which time Afterpay Ltd(ASX: APT)’s market cap has ballooned from $3 billion to $30 billion, as its trailing 12 months sales grew sixfold.
And now, belatedly, Australia’s largest bank seems to be fighting back.
Oh, the Commonwealth Bank of Australia(ASX: CBA) had made an investment in another buy now, pay later (BNPL) company, Klarna, so it wasn’t sitting completely still… but it wasn’t exactly taking the disruptor head-on.
…
-
General10 hours agoAnne-Marie Te Whiu on new book of poetry, Mettle, and why she dedicated it to her younger self
-
Noosa News23 hours agoMassive wind farm project in Queensland axed amid community backlash
-
Noosa News11 hours agoAustralia’s winter warmer than predicted, but were temperatures actually below average?
-
General21 hours agoKAP leader says he was unaware man next to him at rally was wearing neo-Nazi insignia