Afterpay Market to enjoy ‘explosive growth’ by 2026 : Clearpay, Topshop Topman, LayAway Travel

The Afterpay: Competitor Market outlook survey highlights the dynamics at play in each of the subsegments of Afterpay: Competitor Industry to better elaborate current state, emerging trends and potential areas of focus. Discerning stakeholders in the Afterpay: Competitor market will be able to use this study to evaluate opportunities and challenges in the context of an increasingly complex healthcare and life sciences marketplace. To understand big picture lot of industry players were analysed and some of them are Afterpay, Touchcorp, Afterpay Touch Group, Tyro payments, Clearpay, Topshop Topman, LayAway Travel.

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Summary
Afterpay: Competitor Profile

Summary

Afterpay is an Australia-based alternative payment solution that offers a buy-now, pay-later service enabling consumers to pay for their purchases across installments. Initially launched as an online payment solution, it is now available for in-store purchases at select retailers.

Founded in October 2014, it has since expanded into three new markets: New Zealand (in September 2017), the US (May 2018), and the UK (August 2018). With 4.3 million customers and 30,600 merchants, it is gradually becoming a key payment solution among people with limited access to traditional credit.

Afterpay expanded its services by launching cross-border payments in March 2019, thereby enabling local customers to buy products from international merchants. The feature is now offered in Australia and New Zealand, with plans to extend it to the US and the UK.

In July 2017, Afterpay merged with technology provider Touchcorp to form Afterpay Touch Group (ATG). Post-merger, Afterpay operates as the pay-later segment of the group, while Touchcorp operates as the pay-now segment. Touchcorp offers payment technology solutions to companies operating across sectors including telecommunications, health, and convenience retail.

The report provides information and insights into Afterpay including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The company's important events and milestones

Scope

- In September 2016, Afterpay introduced its service for in-store payments, with fashion retailer Topshop Topman across Australia.
- In May 2017, Afterpay launched Afterpay mobile app for in-store payments.
- In July 2017, Afterpay and payment processing firm Touchcorp merged to form ATG.
- In November 2019, Afterpay partnered with eBay, enabling eBay’s 40,000 SMEs to offer the Afterpay solution to their customers in Australia. The service is scheduled to go live during 2020.

Reasons to buy

- Gain insights into Afterpay's business operations and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

Companies Mentioned in the Report

Afterpay
Touchcorp
Afterpay Touch Group
Tyro payments
Clearpay
Topshop Topman
LayAway Travel

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Table of Contents
Overview
Benchmarking
Performance Highlights
Revenue Model
Products & Services
Significant Events
Supporting Merchants
Appendix

....Continued

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Data Sources of Afterpay: Competitor Market Study

Primary Collection: In-depth interviews, InMail, LinkedIn Groups, Open Forum are the medium utilized to gather primary data via various key industry participants, subject-matter experts, C-level executives of Afterpay: Competitor Industry players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
• By Company Type: Tier 1- XX%, Tier 2- XX%, Tier 3- XX%
• By Designation: C-Level- XX%, D-Level- XX%, Others- XX%

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