Openpay (ASX:OPY) share price slides despite positive quarterly update

The struggling Openpay share price is looking to make up for lost ground after announcing a positive third-quarter update. 

Leading buy now pay later (BNPL) rivals such as Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) have likely stolen the spotlight with dual listing plans and continued international expansion. The Openpay Group Ltd (ASX: OPY) share price has been left behind, stumbling 10% year-to-date to an 11-month low last week.

The company has approached this quarter with a sense of gravity, saying:

Openpay continues to move with urgency to capture market opportunity and disrupt major payments markets with its highly…