Openpay provides a payments platform that facilitates seamless, secure and swift payments between customers and merchants. The Openpay platform allows customers to make in-store and online purchases, and effectively split the payment for these purchases into multiple repayments over time, while attracting no interest.
Openpay operates in the payments technology industry and currently provides its platform to merchants and customers in the consumer retail, automotive, healthcare and home improvement sectors.
At present, Openpay provides services to customers and merchants predominantly in Australia and New Zealand, and recently began offering services in the United Kingdom.
Openpay generates revenue from fees charged to both merchants and customers in exchange for the use of its payments platform.
It is anticipated that OPY will list on the ASX during December 2019.
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