Amazon Australia teams up with buy now, pay later service
Amazon is teaming up with Afterpay to allow shoppers to use the buy now, pay later service to purchase products on the website and app.
Amazon director of APAC Payments Sujit Misra said the partnership would give shoppers another way to pay.
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Amazon is teaming up with Afterpay as younger shoppers move away from traditional forms of credit. Getty
"We're always looking for ways to improve the shopping experience for our Australian customers," Misra said.
A recent report found younger Australians are turning away from credit cards, with many considering them to be financially dangerous.
Financial stress is the main driving factor for Gen Zs shunning the payment method.
The buy now, pay later industry is facing tougher regulations this year after the Australian Securities and Investments Commission (ASIC) proposed modifications to the Credit Act.
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