Australian-listed BNPL firms slump after Apple unveils pay later feature

Australian-listed buy now pay later companies slumped in Sydney trade on Tuesday after Apple announced its own BNPL service via Apple Pay. Humm Group , Openpay Group , Sezzle and Latitude Financial Services Australia each declined following the news, as did U.S. rival Affirm on Monday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.