How Afterpay is revolutionising today's online shopping experience
Ever wanted to buy a product you've spotted online, but didn't have the spare cash? This dilemma is just as negative for the vendor as it is for the consumer. Dean Fergie, Director & Portfolio Manager at Cyan Investment Management, says one of their investments has a solution. Afterpay allows consumers to buy now and pay over a number of instalments. "It's a win for the consumer because they get the goods straight away, but they don't have pay for it straight away. It's a win for the merchant because they get to sell the goods when they otherwise may not - and they get their money straight away. Afterpay gets a small margin on the payment for the goods - it's a win-win-win for everyone." In this video, he explains more about why they like this growth story.