1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Afterpay
  6. News
  7. Summary
    APT   

AFTERPAY

(APT)
Delayed Australian Stock Exchange  -  12:10 2022-01-19 am EST
66.47 AUD   -2.18%
02/28AUSTRALIAN IPO REVIEW 2021 : Pre–IPO Capital Raises
AQ
02/24Jack Dorsey's Block beats profit estimates, Australian shares soar
RE
02/16AFTERPAY : Clearpay Enters the Travel Sector with National Express Partnership, Bringing Flexible Spending to Travellers
PU
SummaryQuotesChartsNewsRatingsCompanyFinancials 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Afterpay : Clearpay Enters the Travel Sector with National Express Partnership, Bringing Flexible Spending to Travellers

02/16/2022 | 03:26pm EDT

Clearpay Enters the Travel Sector with National Express Partnership,

Bringing Flexible Spending to Travellers

LONDON, 16th February, 2022 -- The UK's largest coach operator, National Express, has partnered with Clearpay, a leader in "Buy Now, Pay Later" payments known as Afterpayoutside the UK and Europe, to offer increased fexibility and choice to customers purchasing tickets.

From today , customers booking coach travel to any of the hundreds of destinations on National Express' national network, can now select Clearpay to pay for their travel in four instalments over six weeks, interest free. National Express joins over 6,000 merchants already partnering with Clearpay, and is a signifcant addition to its Shop Directory, as it is the frst company in the UK travel sector to offer Clearpay.

Rich Bayer, Clearpay's UK Country Manager, said: "We're delighted to welcome National Express to Clearpay. We know that our Millennial and Gen Z customers are seeking new experiences and they now have the freedom to book and budget the cost of coach travel, which can help them spend responsibly, avoiding revolving debt and interest that comes with credit card payments."

John Boughton National Express Commercial Director: "National Express is well known for convenience, whether that's our unrivalled choice of destinations or options of how customers can make contact. Providing greater choice and convenience when it comes to payment is a key way we can continue to improve our customer service and partnering with Clearpay is a great way to do this.

"We are looking forward to seeing more people return to travel this year and are pleased to be able to offer them the option to use Clearpay."

Clearpay is transforming the way customers pay for products with purchases spread over four instalments, always interest-free. The service is completely free for customers who pay on time - helping people spend responsibly without incurring interest or extended debt. Late fees apply for late payment instalments.

Five facts about Clearpay:

  • Clearpay does not charge interest;
  • If a customer misses a payment his/her account is immediately made unavailable so that he/she cannot accrue more debt or fall into revolving debt;
  • Clearpay does not report to credit agencies and will not impact a customer's credit score;
  • 98% of transactions never incur a late fee;
  • Almost one-third of customers make the majority of their repayments ahead of time.

Click hereto fnd out more about Clearpay.

###

Notes to Editor

About Clearpay (Afterpay Limited)

Afterpay Limited, known as Clearpay in the UK and Europe, is transforming the way we pay by allowing customers to buy products immediately and pay for their purchases over four instalments, always interest-free. The service is completely free for customers who pay on time - helping people spend responsibly without incurring interest. As of June 30, 2021, Afterpay is offered by more than 100,000 of the world's favorite retailers and nearly 16 million+ active customers have adopted the service.

Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, France, Italy and Spain, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins. Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE: SQ).

About National Express

National Express is the UK's largest coach operator, running high-frequency scheduled coach services linking more than 540 destinations across the country. We also deliver coach travel to major airports, festivals, and events and are the offcial transport provider for Wembley Stadium.

In a normal (pre-Covid19) year, we operate 24 hours a day, 7 days a week with over 1,800 services every day, clocking up over 21m passenger journeys.

Our modern coaches offer comfortable seats with plenty of legroom, free Wi-Fi and USB charging points.

We continuously invest in the cleanest most effcient coaches available. The average age of a vehicle is only three years old and everyone meets the highest possible engine emission standard (Euro VI). And we've committed to making our coach feet zero emission by 2035 - ahead of the UK net zero target of 2050.

www.nationalexpess.com

Media Contact

Parmjit Dhillon parmjit.dhillon@clearpay.co.uk +44 (0)7814 440 714

Mission clearpay@thisismission.com

Disclaimer

Afterpay Ltd. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 20:25:05 UTC.


© Publicnow 2022
All news about AFTERPAY
02/28AUSTRALIAN IPO REVIEW 2021 : Pre–IPO Capital Raises
AQ
02/24Jack Dorsey's Block beats profit estimates, Australian shares soar
RE
02/16AFTERPAY : Clearpay Enters the Travel Sector with National Express Partnership, Bringing F..
PU
02/15Crackdown on the way for buy now pay later firms amid growing usage
AQ
02/02Afterpay Removed from Australian Bourse's Official List
MT
02/02NEW KID ON THE BLOCK Dorsey's Block snaps up buy now pay later giant Clearpay
AQ
02/01Tech Stocks Edge Higher Premarket Tuesday
MT
01/31Block Completes Afterpay Acquisition; Square Offers US, Australia Merchants Buy Now Pay..
MT
01/31AFTERPAY : Final Director's Interest Notice x6
PU
01/31Afterpay Limited Announces Board Changes
CI
More news
Analyst Recommendations on AFTERPAY
More recommendations
Financials
Sales 2021 836 M 581 M 581 M
Net income 2021 -156 M -109 M -109 M
Net Debt 2021 147 M 102 M 102 M
P/E ratio 2021 -215x
Yield 2021 -
Capitalization 19 966 M 14 104 M 13 877 M
EV / Sales 2020 34,0x
EV / Sales 2021 41,1x
Nbr of Employees 1 300
Free-Float -
Chart AFTERPAY
Duration : Period :
Afterpay Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Anthony Mathew Eisen Co-CEO, Executive Director & Managing Director
Nicholas David Molnar Co-CEO, Executive Director & Managing Director
Rebecca Lynne Lowde Chief Financial Officer
Elana Rubin Independent Chairman
Dana Stalder Independent Non-Executive Director