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Afterpay (ASX:APT) share price under pressure by US BNPL giant – Motley Fool Australia
The Afterpay Ltd (ASX: APT) share price is under pressure from giant US payments companies, at a time when ASIC is targetting BNPL companies.
US buy now, pay later (BNPL) giant Affirm plans to enter the Australian market, according to rumours reported by the Australian Financial Review. This comes as market leader Afterpay Ltd(ASX: APT) reveals strategies to return more value to merchants. The Afterpay share price is already down by 6.68% since Monday after a report from the Australian Securities and Investments Commission (ASIC).
Affirm is a privately owned US BNPL company. Its CEO and co-founder is Max Levchin, who also co-founded…
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