Afterpay co-chief executive Nick Molnar says record Black Friday and Cyber Monday numbers point to online sales remaining popular even as physical stores reopen, and he expects retail shopping to remain buoyant in the run-up to Christmas as the travel spend remains depressed.
Afterpay said it processed more sales in the United States than Australia in a single month for the first time in November, as its active US customers jumped by 1 million over October and November to 7.5 million.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
