The Square-Afterpay deal excites locals, but this will be short-lived as the reach and size of PayPal continues to grow, according to Insync’s John Lobb.
BNPL
Which payment provider – PayPal or Afterpay?
There are nine million Australians using PayPal. Fund manager Insync says it’s going to remain difficult for Afterpay to beat them in the local market.
PayPal is coming at Afterpay and others with QR and BNPL
PayPal is chasing other remote payments like ApplePay and Afterpay with a ‘COVID era’ QR code application.
Insync Funds Management is a global equity specialist based in Sydney. Key team members own equity in the business and co-invest in the Fund alongside other investors.