Business
Afterpay (ASX:APT) share price under heavy fire from industry giants – Motley Fool Australia
The Afterpay share price finished 3% lower last week as yet another giant took a swing at it. However, the company struck back swiftly.
Sebastian Siemiatkowski, CEO of Swedish-based Klarna, was last week scathing of Afterpay Ltd‘s (ASX: APT) merchant fees, referring to them as an extortion scheme. Mr. Siemiatkowski’s attack, as reported in the Australian Financial Review (AFR), also included calls for regulators to provide a “cap” on merchant fees. The sentiment was echoed by Matt Comyn, CEO of Commonwealth Bank of Australia(ASX: CBA). This attack follows on from confirmation that United States payments giant, Affirm, intends to…
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