Afterpay, the ‘buy now, pay later’ service, announced it is now offering its service to consumers and merchants in the Canadian market.
Afterpay enters Canada in partnership with some of the top fashion, beauty, lifestyle brands and retailers in the market. Over 55,000 brands and retailers are, or are in the process of, offering Afterpay globally. The company assisted merchants in processing $11 billion in underlying sales in FY2020, a 112 percent increase over the same period in FY2019.
In July of 2020, Afterpay had nearly 12 million app and U.S. site visits, and Afterpay’s U.S. Shop Directory contributed nearly 9.5 million lead referrals to its retail partners.
“As millions of consumers across the world turn to e-commerce to shop for everything they need in their life, the time has never been better to give Canadians the ability to use their own money and pay over time – instead of turning to expensive loans with interest, fees or revolving debt,” said Nick Molnar, co-founder and North American CEO of Afterpay. “We are thrilled and honored to partner with some of the best Canadian brands to bring our service to this important market and help deliver new customers and increased sales to our partners.”
Photo courtesy Afterpay
