Australian BNPL stocks surge on Zip Co's India expansion

Splitit

23/09/2021 07:01

** Shares of Australian "buy now, pay later" companies
surge, a day after Zip Co  Z1P.AX  announced plans to acquire
minority interest in Indian peer ZestMoney  urn:newsml:reuters.com:*:nL4N2QN3M6 
    ** Z1P deal affirms investor interest in the BNPL sector,
sending shares up across the sector 
    ** Afterpay Ltd  APT.AX  adds 4.22%, becomes second highest
gainer on Australia's tech index  .AXIJ  
    ** Z1P extends gains for a second straight session, jumping
4.45%
    ** Splitit Ltd  SPT.AX  gains as much as 14.46% to A$0.475,
its highest since Aug. 31 
    ** Sezzle Inc  SZL.AX  and Humm Group  HUM.AX  also rise
more than 5% each

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))