Chanticleer
Banks’ delicate dance with buy now, pay later sector
Afterpay says its partnership with Westpac shows its willingness to partner. But the group also knows how unique its huge customer base is – and that should worry the banks.
Simon Cant, the co-founder of Westpac-backed venture capital firm Reinventure, says it’s a matter of when, not if, a fintech poses a serious threat to Australia’s big four banks.
And Afterpay could be just the sort of company to do it.
Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles