Business
Openpay (ASX:OPY) share price drops despite positive announcement
The Openpay Group Ltd (ASX: OPY) share price is under pressure on Monday despite the release of a positive announcement.
In morning trade the buy now pay later (BNPL) provider’s shares are down 3% to $2.56. This follows further weakness in the tech sector.
What did Openpay announce?
This morning Openpay announced that it has entered into the Australian hospital segment via a partnership with St John of God Health Care. It is one of Australia’s largest Catholic providers of healthcare services, with hospitals in Victoria, New South Wales and Western Australia.
The company notes that this makes Openpay the first BNPL provider to enter the hospital segment.
According to the release, a six-month initial launch has now commenced…
-
Noosa News17 hours agoOnly person charged over Spear Creek murders admits he lied to police
-
Noosa News18 hours agoAllegedly armed man who sparked hours-long lockdown of Brisbane City Botanic Gardens in custody
-
Business21 hours agoGold price races towards US$4,200 on Tuesday
-
General17 hours agoSouth Sydney Rabbitohs player Tyrone Munro charged with domestic violence offences