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Officeworks signs up to Afterpay platform

Afterpay has struck a contract with Officeworks to offer the stationery and consumer electronic retailer's customers a buy now, pay later online payment system.

An Officeworks store
Afterpay has teamed with Officeworks to offer its 'buy now, pay later' online payment platform. (AAP)

Fintech start-up Afterpay has scored another big retailer, Officeworks, to offer customers its 'buy now, pay later' online payment platform.

Afterpay, which listed on the share market in May 2016, has already partnered with Myer, Country Road Group, Billabong, Booktopia and Noni B Group.

The payments platform allows customers to buy and take home items instantly and to pay them off later in instalments.

Afterpay managing director Nick Molnar says the Officeworks deal is an important move into new product categories.

"We are thrilled to be able offer more diverse products through Afterpay with such an established retailer," Mr Molnar said.

He said the company was focused on maintaining a strong pipeline of Australia's leading brands and retailers.

Officeworks will offer Afterpay's payment service to its online customers this month.

Afterpay shares, which closed at a nine-month low on Friday, were up 3.5 per cent at $2.05 at 1025 AEST.


1 min read

Published

Source: AAP



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