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Why the big banks should be scared of Afterpay/Square – The Australian Financial Review

The big four banks may have avoided a COVID-19 crisis, but the competitive threat to the incumbents is very real and only getting…

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German believes it is only a matter of time until Square looks to leverage Afterpays 3.6 million-odd customers in Australia and New Zealand by expanding its consumer banking offering.
Square has already obtained a banking licence in the US, offering saving…

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