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    APT   AU000000APT1

AFTERPAY LIMITED

(APT)
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Afterpay Plans to Launch Australian Bank Accounts in October

07/19/2021 | 04:51pm EDT

By Stuart Condie

SYDNEY--Afterpay Ltd. will launch its banking product in Australia in October as the buy-now-pay-later provider seeks to further grow and engage its user base.

The ASX-listed company on Tuesday said it will launch its Money app following a pilot among local staff. Afterpay is the first partner firm on Westpac Banking Corp.'s digital banking platform, with the lender holding deposits as first announced in October.

Afterpay said balances would attract a 1% annual interest rate. There is no overdraft facility and the account is linked to a customer's regular Afterpay installment payment account.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

07-19-21 1851ET

Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED -0.38% 126.23 End-of-day quote.6.97%
ASX LIMITED -0.48% 82.88 End-of-day quote.15.11%
DJ INDUSTRIAL 1.35% 34331.65 Delayed Quote.10.99%
WESTPAC BANKING CORPORATION -1.11% 24.91 End-of-day quote.28.60%
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More news
Analyst Recommendations on AFTERPAY LIMITED
More recommendations
Financials
Sales 2022 1 505 M 1 089 M 1 089 M
Net income 2022 -24,7 M -17,9 M -17,9 M
Net Debt 2022 786 M 569 M 569 M
P/E ratio 2022 54 409x
Yield 2022 -
Capitalization 36 617 M 26 590 M 26 498 M
EV / Sales 2022 24,9x
EV / Sales 2023 16,5x
Nbr of Employees 1 300
Free-Float 77,6%
Chart AFTERPAY LIMITED
Duration : Period :
Afterpay Limited Technical Analysis Chart | APT | AU000000APT1 | MarketScreener
Technical analysis trends AFTERPAY LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 126,23 AUD
Average target price 132,96 AUD
Spread / Average Target 5,33%
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 LIMITED6.97%26 560
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FISERV, INC.-5.74%70 333
GLOBAL PAYMENTS INC.-27.31%45 995
NEXI S.P.A8.94%21 688
FLEETCOR TECHNOLOGIES, INC.-7.53%20 840