Shoppers can use the buy-now-pay-later (BNPL) platform Afterpay to make select purchases at OTR and Reddy Express store throughout Australia.
You can Afterpay for most things at the retailers, including fuel and the majority of products in-store. Exclusions do apply and include tobacco and tobacco related products, gambling and its related products, pre-paid or post-paid financial cards eg gift cards, phone and internet vouchers, EV charging and food delivery platforms.
BNPL solution are becoming increasingly popular, especially among younger consumers. According to research from Afterpay, more than half of all Australians (53%) are open to using BNPL in the future, and more than a third of Gen Z, Gen Z and Millennials BNPL users already use it at least once a week.
The ‘Why Credit Cards Give Gen Z the Ick’ report, conducted by Morning Consult, reveals three in 10 Australians report that their view of credit cards has become more negative in the past 12 months and almost three in five Australians (57%) who have owned a credit card have switched to another payment method.
As dissatisfaction with credit cards grows, consumers are actively seeking out alternative payment methods that offer more transparency and control.
Debit cards are the most common form of payment among Gen Z (75%) and Millennials (76%), followed by cash and bank transfers. Credit cards were the least used payment methods for younger consumers.
