Business
Afterpay and Zip are brushing away concerns about PayPal’s new buy now pay later offering, as their share price takes a hit – Business Insider Australia
The chief executives of Australian buy now, pay later (BNPL) companies have batted away concerns over payments giant PayPal’s entry into the sector, saying the market is big enough to accommodate multiple players.
The chief executives of Australian buy now, pay later (BNPL) companies have batted away concerns over payments giant PayPal’s entry into the sector, saying the market is big enough to accommodate multiple players.
Shares in Australian BNPL operators plummeted on Tuesday and continued to fall on Wednesday, with high flyers such as Afterpay down 10.8 per cent and Zip falling 20.8 per cent over the two days.
Investors were reacting to a new offering from the $245 billion payment giant PayPal, whi…
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