Afterpay Touch Group sees pleasing growth in the US

Company News

by Rachael Jones

Afterpay Touch Group (ASX:APT) has given an update on their move into America.

These results come within 6 months of launch in the US market, which shows a more rapid pace of growth than what was experienced in Australia.

To date, over 300,000 consumers and over 900 retailers have transacted with Afterpay in the US and over 1,300 additional retailers having signed agreements with Afterpay or are in the process of integrating on our platform.

The technology-driven payments company is still seeing growth in Australia with retailers such as Kmart, Kogan (ASX:KOG), and Lovisa (ASX:LOV) currently live or in the process of integrating Afterpay.

Shares in Afterpay Touch Group (ASX:APT) are trading 12.84 per cent higher at $14.68.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.