Eat Now, Pay Later? 🤔; Crypto ATMs shut down in the UK🇬🇧; Starkware’s new funding to scale Ethereum further 🚀
Good Morning FinTech, March 14
Good day Everyone,
And happy Monday! I hope you managed to relax a bit over the weekend. To make the most of your new week, here’s a mix of 3 awesome FinTech stories you cannot miss today:
Eat Now, Pay Later? 🤔
The deal 🤝 US-based delivery platform DoorDash has made a strategic partnership with Australia-based BNPL platform, Afterpay, to offer Buy Now, Pay Later finance options on all orders.
More on this 👉 The new service provided by DoorDash’s Australian subsidiary will allow all platforms’ clients and subscribers of Dashpass to pay for their food deliveries in 4 installments, with no additional costs, across the country.
The Afterpay option will be available on the DoorDash app at checkout on all orders. Moreover, users will receive 3 months free of the DashPass service when signing up with AfterPay.
The DashPass monthly subscription provides unlimited free delivery and exclusive ordering deals.
Although this might sound like a simple partnership, it provides us with some insights as to where BNPL is heading (including more risks), which is beyond Australia alone. Here’s the long takeaway: