Afterpay Holdings Limited
(ASX:AFY) has entered into an agreement with Neto to become the pre-provisioned ‘buy now pay later’ service on its next generation e-commerce platform.
Neto is majority owned by Telstra and is one of Australia’s largest locally owned end-to-end e-commerce platforms.
Neto is currently in the process of integrating Afterpay, and is looking to launch its new e-commerce platform in the second half of this year.
Afterpay’s managing director, Nick Molnar, says that he is “thrilled about this partnership” and “the potential growth via Neto’s ownership and strategic links with Telstra”.
