OPY
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Company News
PayPal enters Australian buy now, pay later space
Global online payment giant PayPal is joining the Australian buy now pay later (BNPL) market, going up against local rival Afterpay (ASX: APT) with the launch of its ‘Pay in 4’ credit platform. In an announcement on Wednesday, the Nasdaq-listed giant said its BNPL solution will be available to its 9 million Australian customers in […]
Should ASX investors succumb to the Buy Now, Pay Later FOMO?
As with the coronavirus, the buy now, pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, fear of missing out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in […]
ASIC report dissects buy now, pay later industry, finds one in five users struggle to meet payments
Almost 20% of buy now, pay later (BNPL) users who fail to make their payments on time end up cutting back on life’s essentials or taking out additional loans to meet their commitments, according to a widely-anticipated review by the nation’s corporate watchdog. The Australian Securities and Investments Commission (ASIC) collated data from six BNPL […]
Searching for value in the ASX-listed Buy Now Pay Later sector
Amid the US-led tech sell off, the ASX-listed Buy Now Pay Later (BNPL) sector has had a decent touch-up, with valuations as much as 40% down on their recent peak levels. Is it enough to quell what many investment experts view as a clear case of irrational exuberance? The near-term price graphs tell only half […]
Openpay sets new record as COVID-19 serves up industry catalyst for Buy Now Pay Later services
Buy Now Pay Later (BNPL) payment solution provider Openpay (ASX: OPY) is the latest company to update the market with full-year financial results, reporting “record growth and strong momentum” in all key metrics and declaring its strong run will likely continue well into the first half of the 2021 financial year. In the company’s first-ever […]
MSL Solutions partners with Openpay in exclusive three-year deal
Software-as-a-Service (SaaS) technology provider MSL Solutions (ASX: MSL) has ventured into integrating a novel fintech solution into its service offering after signing a strategic partnership and revenue sharing merchant agreement with leading Buy Now Pay Later (BNPL) payment solution provider Openpay (ASX: OPY). The exclusive agreement was described by Openpay chief commercial officer Dion Appel […]
Buy Now Pay Later sector continues to flourish as Openpay secures strategic partnership with 1st Group
In a joint announcement, payments facilitator Openpay (ASX: OPY) and digital health company 1st Group (ASX: 1ST) have unveiled a three-year strategic partnership including a new revenue-sharing agreement. According to 1st Group, the agreement paves the way for Openpay’s Buy Now Pay Later (BNPL) payment option to be rolled out across its MyHealth1st platform used […]
Buy Now Pay Later stocks rally to new highs
Buy Now Pay Later (BNPL) stocks were subject to an investment frenzy this week with major and mid-tier BNPL companies enjoying the upward ride. It was a wild ride for BNPL heavy-weight Afterpay (ASX: APT), which hit an all-time high of $53.81 on Thursday, closing at $50.61 per share on Friday, up 8.77% for the […]
Openpay sets its sights on a pre-Christmas ASX listing
Melbourne-based payments technology firm Openpay has taken its first steps towards listing on the Australian Stock Exchange, this week launching an initial public offering to raise a targeted $50 million. Underwritten by Shaw & Partners, the retail and institutional offering will allow new investors to acquire a total 31.25 million fully-paid ordinary shares in the […]
Openpay ventures into B2B sector via inaugural contract with Woolworths
Payments technology company Openpay (ASX: OPY) is venturing into the business-to-business (B2B) sector via a maiden agreement with major Australian retailer, Woolworths Group (ASX: WOW), barely two months since listing on the ASX. The agreement has been hailed as a key milestone by Openpay which means the company is on course to achieve its long-held […]