The ASX tech sector was the biggest detractor, with Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) down 8% and 11% respectively following global giant PayPal Inc. (NASDAQ: PYPL) announcing it was entering the Buy Now Pay Later market. Analysts are suggesting the entry could see margins hit as merchant fees reduce in light of more competition, yet with PayPal currently charging similar rates to Afterpay, I’d suggest the market is big enough to share, at least for a few years.
https://www.bestetfs.com.au/2020/09/02/asx-200-xjo-set-to-rebound-paypal-enters-bnpl-market/
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Last
$3.08 |
Change
0.030(0.98%) |
Mkt cap ! $3.981B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.09 | $2.96 | $23.31M | 7.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19205 | $3.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.08 | 80782 | 4 |
View Market Depth
| Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |