Afterpay Touch (ASX:APT) says it welcomes RBA review

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.