Afterpay has signed up 1 million ACTIVE US Customers | Market Update

  • May 21, 2020 05:00 AM AEST
  • Team Kalkine

Afterpay says it has signed up 1 million active customers in the US over the past 10 weeks as consumers went online to shop during the coronavirus shutdown, and now has 5 million active customers in the world's largest economy. The buy now, pay later firm said the influx of new US customers was a 30 to 40 percent jump from the weekly rate of new clients it added in January and February. The news sent its stock to an intraday record high of $45.13 on Thursday morning, giving Afterpay a market valuation of more than $12 billion.

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Download speeds on the NBN network have returned to pre-COVID-19 levels after social distancing forced millions of Australians to work from home. The Australian Competition and Consumer Commission (ACCC) today revealed average download speeds on the National Broadband Network dropped by as much as 23 percent following the move for employees to work from home.

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