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What’s Next For BNPL? Industry Reacts to Openpay Receivership

Openpay announced a new quarterly record in Q2 of FY2023, growing its revenue to A$10.1million. This was in addition to the total transaction volume (TTV) growing by almost 50 per cent to A$126million, in comparison to the previous 12 months.

Dion Appel, CEO of Openpay was very happy with the results saying: “We are pleased to announce that Q2 has set new records across TTV, revenue and other key leading indicators.

“This is a result of the enduring consumer demand for our differentiated offering of longer, larger payment plans. Our improved revenue margins show that consumers and merchants are willing to pay for that extra value as the cost-of-living increases.”

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