In the first six months of 2021, Afterpay’s gross profit was US$284 million — about 150% more than the US$113 million profit it booked in the six months before the pandemic.
- Senior Lecturer, School of Accounting, Economics and Finance, Curtin University
By not charging interest, Afterpay and other ‘buy now, pay later’ providers avoid the rules of national consumer credit law.
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