Afterpay will lift investment in 2021 to chase the global buy now, pay later opportunity by expanding into offshore markets – with Canada and select Asian countries next on the itinerary – as customer growth continues to accelerate.

Afterpay says COVID-19 has had an unprecedented impact on global retailing but its focus on e-commerce and helping customers to budget makes it "a net beneficiary of the significant shift to online spending and the shift away from traditional forms of credit".