Image:”Smartphone in shopping cart” by wuestenigel is licensed under CC BY 2.0
Afterpay broke the consumer credit system by passing on fees to merchants instead of consumers.
It’s a system that quickly appealed to generations used to internet-driven instant gratification, and this week has delivered a huge pay day to the company’s co-directors and investors.
Buy Now, Pay Later: The Extraordinary story of Afterpay tells of the unpredictable rise of a company that led to Australia’s biggest corporate buy out in history.
Produced By: Sarah Martin
Featured In Story: James Eyers, Senior Reporter at The Australian Financial Review
First aired on The Wire, Wednesday, 04 August 2021