{"id":4307,"date":"2020-12-02T08:00:00","date_gmt":"2020-12-02T08:00:00","guid":{"rendered":"http:\/\/wordpress.hdnweb.com\/2020\/12\/02\/afterpay-exceeds-2-billion-of-global-sales-in-month-of-november-with-the-us-leading-the-way\/"},"modified":"2020-12-02T08:00:00","modified_gmt":"2020-12-02T08:00:00","slug":"afterpay-exceeds-2-billion-of-global-sales-in-month-of-november-with-the-us-leading-the-way","status":"publish","type":"post","link":"https:\/\/wordpress3.hdnweb.com\/en\/2020\/12\/02\/afterpay-exceeds-2-billion-of-global-sales-in-month-of-november-with-the-us-leading-the-way\/","title":{"rendered":"Afterpay Exceeds $2 Billion of Global Sales in Month of November with the US Leading the Way"},"content":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SAN FRANCISCO<\/span>, <span class=\"xn-chron\">Dec. 2, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999007-1&amp;h=3426060242&amp;u=http%3A%2F%2Fwww.afterpay.com%2F&amp;a=Afterpay\" rel=\"nofollow\">Afterpay<\/a><\/u>\u00a0(ASX:APT), the leader in &#8220;Buy Now, Pay Later&#8221; payments, today announced that it hit a new monthly sales milestone in <span class=\"xn-chron\">November 2020<\/span> by delivering over <span class=\"xn-money\">$2.1 billion<\/span> of monthly underlying sales, more than doubling the <span class=\"xn-money\">$1b<\/span> of underlying sales in <span class=\"xn-chron\">November 2019<\/span> (up 112%).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1224081\/Afterpay_Mint_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1224081\/Afterpay_Mint_Logo.jpg\" title=\"(PRNewsfoto\/Afterpay)\" alt=\"(PRNewsfoto\/Afterpay)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>The month of November ended with very strong trading across the Black Friday and Cyber Monday sales period. New monthly underlying sales records were set in all regions with the US achieving the highest level of monthly sales (<span class=\"xn-money\">$1.0b<\/span>) ever across all regions.\u00a0\u00a0 <\/p>\n<p>Referrals to our global retailers continued to grow strongly with over <span class=\"xn-money\">35m<\/span> leads generated during the month of November (147% up on November 2019).\u00a0 This continues to demonstrate the increasing power of the Afterpay model and the value it drives to retailers.<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>GLOBAL (unaudited)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>November 2020<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>November 2019<\/b><\/span><\/p>\n<\/td>\n<td class=\"prnsbts prnrbrs prnsbbs prntac prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>VARIANCE<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Underlying Sales (A$)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2.1b<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>1.0b<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>112%<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">ANZ <\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.9b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.6b<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">54%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.0b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.3b<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">186%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">UK<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.2b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.05b<\/span><\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">315%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen8\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">CONSTANT CURRENCY BASIS<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Global Underlying Sales <\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.2b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.0b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">119%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US <\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.0b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.3b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">205%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">UK<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.2b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.05b<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">331%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>Regional Performance in November <\/b><\/p>\n<ul type=\"disc\">\n<li>Monthly underlying sales in the US (at <span class=\"xn-money\">$1.0b<\/span>) exceeded ANZ (at <span class=\"xn-money\">$0.9b<\/span>) for the first time, reflecting the increasing contribution from our fastest growing and largest region, which only commenced operations ~2.5 years ago. <\/li>\n<li>Retailer take up of instore in the US continued to ramp up with Afterpay now integrated and available across thousands of storefronts nationally. There is a strong pipeline of new merchants preparing to launch soon. <\/li>\n<li>With a number of significant retailers launching on the platform since <span class=\"xn-chron\">September 30, 2020<\/span>, <u>active<\/u> customers in the US increased by ~1m. The total number of customers that have signed up to Afterpay in the US now exceeds 13 million. <\/li>\n<li>ANZ saw continued strong growth in November across both online and instore when compared to the same month last year. Growth from instore accelerated as the restrictions related to COVID progressively reduced. We now have retailers achieving over <span class=\"xn-money\">$1m<\/span> of underlying sales with Afterpay, in-store, in a single day. <\/li>\n<li>The UK continued to drive strong underlying sales growth (up 315%) through November with the number of merchants on the platform increasing by 800% compared to <span class=\"xn-chron\">November 2019<\/span>.<\/li>\n<\/ul>\n<p><b>Black Friday \/ Cyber Monday (BFCM) performance in 2020<\/b><\/p>\n<ul type=\"disc\">\n<li>Black Friday (<span class=\"xn-chron\">November 27, 2020<\/span>) to Cyber Monday (<span class=\"xn-chron\">November 30, 2020<\/span>) weekend represented record trading across all regions. <\/li>\n<li>Black Friday continues to be the largest trading day across all regions. <\/li>\n<li>Over <span class=\"xn-money\">1.2m<\/span> referrals were sent to US merchants from the Afterpay Shop Directory on Black Friday alone. <\/li>\n<li>In ANZ, the Black Friday\/Cyber Monday event spans across a week and, in the four days prior to Black Friday, underlying sales increased by over 60% compared to the same period last year. <\/li>\n<li>Basket sizes in the US and the UK on Black Friday were up 30% and 25% respectively compared to last year. <\/li>\n<li>Top items bought across each region on the day included thermal wear (seven of the top ten items) in the US, beauty items and accessories in the UK and kids clothing, toys and beauty products in <span class=\"xn-location\">Australia<\/span>.<\/li>\n<\/ul>\n<p><b>About Afterpay Limited<br \/><\/b>Afterpay Limited (ASX: APT) is transforming the way we pay by allowing customers to receive products immediately and pay for their purchases over four installments, always interest-free. The service is completely free for customers who pay on time\u00a0 &#8211; helping people spend responsibly without incurring interest, fees or extended debt. As at <span class=\"xn-chron\">September 30, 2020<\/span> Afterpay is offered by nearly 63,000 of the world&#8217;s favourite retailers, and is used by more than 11 million active customers globally.\u00a0\u00a0 <\/p>\n<p><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999007-1&amp;h=3761236419&amp;u=https%3A%2F%2Fwww.afterpay.com%2Findex&amp;a=Afterpay\" rel=\"nofollow\">Afterpay<\/a><\/u>\u00a0is currently available in <span class=\"xn-location\">Australia<\/span>, <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">New Zealand<\/span>, <span class=\"xn-location\">the United States<\/span> and the <span class=\"xn-location\">United Kingdom<\/span>, where it is known as Clearpay. Afterpay is on a mission to power an economy in which everyone wins.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF09535&amp;sd=2020-12-02\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/afterpay-exceeds-2-billion-of-global-sales-in-month-of-november-with-the-us-leading-the-way-301183564.html\">http:\/\/www.prnewswire.com\/news-releases\/afterpay-exceeds-2-billion-of-global-sales-in-month-of-november-with-the-us-leading-the-way-301183564.html<\/a><\/p>\n<p>SOURCE  Afterpay<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SAN FRANCISCO<\/span>, <span class=\"xn-chron\">Dec. 2, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2999007-1&amp;h=3426060242&amp;u=http%3A%2F%2Fwww.afterpay.com%2F&amp;a=Afterpay\" rel=\"nofollow noopener noreferrer\">Afterpay<\/a><\/u>\u00a0(ASX:APT), the leader in &#8220;Buy Now, Pay Later&#8221; payments, today announced that it hit a new monthly sales milestone in <span class=\"xn-chron\">November 2020<\/span> by delivering over <span class=\"xn-money\">$2.1 billion<\/span> of monthly underlying sales, more than doubling the&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-4307","post","type-post","status-publish","format-standard","hentry","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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