Brind.

Afterpay usage rises as consumers cope with rising fuel and shipping costs

1 report, 1 independent Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Afterpay usage has grown several hundred percent since the start of last year, with the rate of increase accelerating this year, aligning with rising fuel prices. While less than 5 percent of fuel spending used Afterpay, one client reported that 80 percent of their Afterpay debt was for petrol.

From thedailyblog.co.nz

Why it matters

Some supportBrind's analysis of the reports

The increase in flexible payment use is linked to rising costs, including petrol prices which are up 16.21 percent over 28 days. Global instability, including Houthi attacks in the Red Sea and conflicts affecting energy supply, is driving up the cost of crude oil and shipping.

From thedailyblog.co.nz

Who's involved

  • AfterpayAustralian financial technology company using flexible payments
  • BLOCKProvides the payment ecosystem that Afterpay operates through

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • AfterpaySpeculative

    Afterpay might see increased consumer demand for flexible payments due to rising fuel and living costs.

  • Famous FootwearSpeculative

    Famous Footwear might see increased consumer spending facilitated by rising Afterpay usage during the cost-of-living crisis.

Keep exploring

The entities involved

  • Afterpay

    Australian financial technology company

    Nothing else this week.

Coverage

Newest first; wire copies grouped