Afterpay Touch (ASX:APT) has responded to recent media reports on regulatory developments stating that it’s not currently the subject of an RBA enquiry.
Aftrepay says it welcomes the opportunity to engage with the RBA as part of its broad based, periodic review of the payments industry next year.
On Friday the Reserve Bank said it will investigate whether policy action is required to target buy now, pay later operators which prevent merchants from passing the costs to customers.
Afterpay Touch shares fell almost 16 per cent last week to $29.65.
Heading into the second hour of trade Afterpay is trading is trading 3.54 per cent lower at $28.60.