Australia's Openpay jumps on BNPL partnership deal with American Express

Openpay

02/12/2021 24:44

** Shares of Openpay Group  OPY.AX  climb as much as 8.3% to
A$1.05, set for their best session since Oct. 7
    ** Stock among top 10 percentage gainers in the ASX All
Ordinaries index  .AORD  
    ** OPY to allow American Express  AXP.N  card holders to
fund their purchases with its buy now, pay later (BNPL) services
 urn:newsml:reuters.com:*:nL4N2SM4JJ
    ** OPY says initial partnership to focus on about 40
American Express merchants in the healthcare and automotive
sectors 
    ** Stock hits its highest since Nov. 25; 1 mln shares change
hands, 3.2x the 30-day average volume of 314,439
    ** Stock has fallen 57.1% this year, as of last close, vs a
10.3% increase in the ASX All Ordinaries index 

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))