Business
Can ASX BNPL companies like Afterpay (ASX:APT) compete with Paypal? – The Motley Fool Australia
The share prices of ASX BNPL companies have been dropping following news Paypal will launch its own BNPL product in Australia this year.
Shares in buy now, pay later (BNPL) companies like Afterpay Ltd(ASX: APT) and Zip Co Ltd (ASX: Z1P) all soared to new all-time highs over the last year.
Afterpay, in particular, has grown from a media darling into a bona fide ASX behemoth. With a current market capitalisation of almost $32 billion, it is larger than both BHP Group Ltd (ASX: BHP) and Commonwealth Bank of Australia (ASX: CBA).
From a low of just $8.01 twelve months ago, the Afterpay share price skyrocketed to $160 by February – a…
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