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    APT   AU000000APT1

AFTERPAY LIMITED

(APT)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 12/08
99.79 AUD   +4.24%
12/07Australia proposes new laws to regulate crypto, BNPL
RE
12/07Australia shares rise as Omicron fears ease, commodity stocks rally
RE
12/07Australia plans to update regulatory framework for payment systems
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Afterpay : Westpac to launch zero-interest digital card with young consumers in focus

10/20/2021 | 12:47am EST
FILE PHOTO: An office building with Westpac logo is seen in Sydney

(Reuters) - Westpac Banking Corp said on Wednesday it would launch a digital credit card this year that would offer zero interest and be aimed primarily at young customers who are seeking the convenience of fast and efficient payment services.

Australia's second-largest lender said customers can apply for the card, called Flex, online or through its mobile banking app, and would be given access to A$1,000 ($748.50) of credit with no interest on purchases and no late payment fees.

The move comes as contactless payments have gained in popularity in recent years, especially among young consumers who are tech savvy and rely on the internet for most of their purchases.

"Consumer research shows that younger Australians are less likely to use a traditional credit card, compared to older generations," Westpac's Chief Executive Consumer and Business Banking, Chris de Bruin said.

Westpac earlier in the year partnered with buy-now-pay-later giant Afterpay Ltd for a banking application that would allow users to deposit their salaries in saving accounts.

($1 = 1.3360 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru; Editing by Anil D'Silva)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 4.24% 99.79 End-of-day quote.-15.43%
WESTPAC BANKING CORPORATION 0.57% 21.07 End-of-day quote.8.78%
All news about AFTERPAY LIMITED
12/07Australia proposes new laws to regulate crypto, BNPL
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12/07Australia shares rise as Omicron fears ease, commodity stocks rally
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12/07Australia plans to update regulatory framework for payment systems
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12/07AFTERPAY : Let's make memories again – Brits favour travel and experience purchases ..
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12/07AFTERPAY : Update on Scheme and Scheme Meeting
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12/06Australia shares inch higher on upbeat comments from treasurer
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12/05GENERAL ANNOUNCEMENT : :Adjournment of Scheme Meeting and Chair's Address
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12/05Australia shares flat as treasurer comments offset Omicron worries
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12/01Afterpay delays vote on $29 billion buyout as Square awaits Spain's nod
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12/01Australia shares extend losses as Omicron concerns mount; Afterpay tumbles
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More news
Analyst Recommendations on AFTERPAY LIMITED
More recommendations
Financials
Sales 2022 1 475 M 1 051 M 1 051 M
Net income 2022 -30,8 M -22,0 M -22,0 M
Net Debt 2022 591 M 422 M 422 M
P/E ratio 2022 -2 369x
Yield 2022 -
Capitalization 28 966 M 20 609 M 20 650 M
EV / Sales 2022 20,0x
EV / Sales 2023 13,5x
Nbr of Employees 1 300
Free-Float 77,7%
Chart AFTERPAY LIMITED
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Afterpay Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends AFTERPAY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 99,79 AUD
Average target price 127,16 AUD
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Anthony Mathew Eisen Co-CEO, Executive Director & Managing Director
Nicholas David Molnar Co-CEO, Executive Director & Managing Director
Rebecca Lowde Chief Financial Officer
Elana Rubin Independent Chairman
Dana Stalder Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
AFTERPAY LIMITED-15.43%19 770
SQUARE, INC.-12.93%87 416
FISERV, INC.-9.42%68 090
GLOBAL PAYMENTS INC.-39.76%37 653
FLEETCOR TECHNOLOGIES, INC.-19.31%17 876
NEXI S.P.A-11.78%16 849