Business
Scale to profit: Afterpay, Zip plot global domination – The Australian Financial Review
Surging e-commerce volume during the pandemic and an aversion to credit cards are structural drivers behind the growth of buy now, pay later sector leaders.
The share prices of both companies have traded at record highs this week, as a doubling of transactions through each company’s app over the past year has fuelled colossal valuations on the ASX.
Afterpay’s share price is up 15 per cent just this week and closed at $91.26 on Thursday; Zip eased 4.7 per cent to $9.20 but is up 40 per cent this week.
Supporters say these can be justified because both companies provided a template for credit risk management during the crisis, with the number of cus…
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