Afterpay, which allows consumers to ‘buy now, receive now, pay later’, has expanded into New Zealand by partnering with Trade Me.
Trade Me head of marketplace Stuart McLean said the partnership with Afterpay would make buying and selling “as easy and flexible as possible”.
“We think both our buyers and our sellers will be really excited about the choice and ease Afterpay will offer them,” Mr McLean said.
“We believe Afterpay’s instalment payment service will be as popular in New Zealand as it has been in Australia.”
Afterpay managing director Nick Molnar said the fintech company expects to start generating “strong returns” on the investment in the short to medium term.
“It was very important for Afterpay to find a partner who was equally passionate about providing an unashamedly customer-centric product and from the outset Trade Me clearly understood our retail, rather than finance, approach,” Mr Molnar said.
“We feel extremely privileged to be able to partner with such a household name in the New Zealand market,” he said.