Offering latest layby service.
Big W will offer the Afterpay layby service to its online customers this month, which allows consumers to pay for goods in four instalments and receive them immediately with no delays or interest. Afterpay currently processes approximately 3% of total online retail sales in Australia and the partnership with Big W will see this number continue to grow.
Afterpay CEO Nick Molnar said, “Afterpay is thrilled to partner with Big W and to provide our modern-day layby service to Australian customers and retailers. Layby is still a cornerstone of Australian retail and retailers offering layby are looking to Afterpay to reduce storage requirements and the manual administration and cost burden typically associated with this activity.
“From a customer perspective, customers love that they can take the product home straight away and all payments are completely automated. It is truly a win-win for Australian customers and retailers.”
Afterpay recently announced partnerships with Myer, Officeworks and Telstra, among others.