Business
CBA to take on Afterpay as it joins buy now, pay later stampede – Sydney Morning Herald
The Commonwealth Bank will take on market darling Afterpay directly by joining the rush into the booming buy now, pay later sector from the middle of this year.
The Commonwealth Bank will take on market darling Afterpay directly by joining the rush into the booming buy now, pay later (BNPL) sector from the middle of this year.
The banking giant on Wednesday said it would launch a product allowing its customers to make purchases between $100 and $1000, and repay the money in four interest-free fortnightly instalments.
The bank said the service would be available to between 2 and 4 million of its customers, and it planned to roll out the product from the…
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