Afterpay
Afterpay is an interest free Buy Now Pay Later product. Consumers can choose to Pay-in-4 interest free instalments or qualified Afterpay consumers will be offered an additional Afterpay repayment option during checkout, allowing them to pay over 6 or 12 monthly instalments. With a global payback rate of 95% early or on time, transparent spending limits and capped late fees, Afterpay aims to unlock growth for merchants and at the same time prevent overspending for the consumer.
Why Afterpay
- Merchants who started offering Afterpay saw as much as 2X increase in the numbers of unit items purchased, 58% higher average order value and an 18% decrease in return rates.
- Afterpay reports there are more than 8m+ monthly active users in 2023 and nearly 50% of buy now pay later consumer spend stays with Afterpay.
- In 2022, Afterpay processed a GMV of $29B across 200,000 participating merchants.
E-commerce and payments insights by country
Discover how the world pays for things by exploring our e-commerce reports. We have one for almost every country on the planet.
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