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Westpac and Afterpay to form digital banking platform

Credit: REUTERS/LOREN ELLIOTT

Westpac Banking Corp said on Tuesday it will partner with buy-now-pay-later company Afterpay Ltd to form a digital banking platform.

Oct 20 (Reuters) - Westpac Banking Corp WBC.AX said on Tuesday it will partner with buy-now-pay-later company Afterpay Ltd APT.AX to form a digital banking platform.

The partnership is for Afterpay to provide Australia's No. 2 bank with transaction and cashflow management tools beginning in the 2021 second quarter, Westpac said in a statement.

(Reporting by Anushka Trivedi in Bengaluru; Editing by Leslie Adler)

((Anushka.Trivedi@thomsonreuters.com; +918061823241;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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