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Afterpay to offer savings accounts through Westpac – The Australian Financial Review
Afterpay shares went over $100 for the first time after it said it will offer transaction and savings accounts to its 3 million-plus Australian customers using …
Westpac announced its 10x investment, and desire to supply white-labelled deposit products, at its fill-year results in November, as it explores way to grow its revenue by offering its products to fintechs.
The Afterpay transaction and savings accounts, which will be made available in the coming months, will sit on Westpac’s balance sheet and be protected by the government deposit guarantee, with the major bank being the regulated entity. It is understood that Afterpay will not pay Westpac dire…
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