Buy now, pay later merchant Afterpay experienced its highest quarter ever during the COVID-19 lockdo13 Jul 2020 19:57
Buy now, pay later merchant Afterpay experienced its highest quarter ever during the COVID-19 lockdown in Australia as consumers turned in droves to online shopping.
In an update to investors today, Afterpay said in the fourth quarter of FY20 it recorded underlying sales of $3.8 billion, up some 127 per cent for the same period 12 months ago.
For the total FY20 financial year Afterpay recorded $11.1 billion sales, a 112 per cent increase from the year prior.