Uber and Uber Eats partner with Afterpay as younger Aussies abandon credit cards
Afterpay will be available to Uber and Uber Eats customers in Australia and New Zealand.
The service will be accessible with the touch of a button to a user's wallet for rideshare trips and takeaway purchases.
Afterpay CEO Nick Molner said customers will have greater control for when they pay at the online checkout.
"Bringing Uber on board is a perfect representation of Australians continuing to call for Afterpay as a preferred partner in their lives," Molnar said.
"Afterpay is, and always has been, about providing customers safe and flexible ways to pay in their everyday lives and Uber plays a crucial role in the lives of millions of Australians.
"We're giving customers greater control over how and when they pay via a seamless addition to Uber Wallet."
Food delivery services continue to surge with 54 per cent of Australians opting to order through third-party apps instead of restaurant websites or direct phone calls, according to DoorDash for Merchants.
Around half of third-party food delivery app users admitted to ordering takeout two to four times a month, and a few even 10 times or more, Statista revealed.
Meanwhile droves of younger Australians are abandoning credit cards, according to an Afterpay survey of 4300 people.
Among Australian adults, 84 per cent believe credit cards can be financially dangerous, and 74 per cent of Aussies say credit cards make them feel like they are spending money they don't have.
Credit cards evoke a sense of anxiety or stress for 76 per cent of Gen Z, with many likely to see the idea of having debt making them feel scared.
Buy now, pay later users are "less likely" to own credit cards, which shifts a notable representation in consumer behaviour according to research from Managing Partner at Mandala, Amit Singh.
"The research indicates BNPL is being favoured by households because it enables large expenses to be spread across multiple pay cheque without dipping into savings. This is a different model of household income management to what we have traditionally seen with credit cards," he said in an Afterpay report.
The buy now, pay later industry is facing tougher restrictions after the Australian Securities and Investments Commission (ASIC) proposed modifications to the Credit Act.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
30 minutes ago
- Perth Now
Leaner AMP hones retirement offering as Australia greys
AMP has finished slimming down and now looks to start growing, sensing great opportunity in helping Australia's ageing population to navigate retirement. A hybrid retirement solution combining annuities with account-based pensions is among products showcased by the financial services company at an investor presentation on Monday. AMP has sold off its infrastructure equity and real estate businesses over the past few years and now plans to "think like a challenger brand" and lead the way in retirement planning, CEO Alexis George said. "Why do I think this is the right place for us to position? Well, I think the data speaks for itself," she said. An estimated one-third of Australia's population will be retirees by the year 2061, up from one-quarter a few years ago. Over the next six years, $750 billion in assets will move into the retirement phase. "This is a huge opportunity for us to really grow," Ms George said. Half of all Australians worry they won't have enough money to retire and 75 per cent worry about running out of money, yet most end up dying with the bulk of their wealth left unspent. "That means they're giving their dependents the retirement they could have had, and surely they want to change that," she said. AMP's director of retirement Ben Hillier said the company in May introduced a "lifetime super" offering that combines the market-based investment benefit of account-based pensions with the lifetime income security of traditional annuities. It is designed to be available without a financial adviser and pools assets to overcome "longevity risk", the danger a retiree will outlive their assets. Retirees who die earlier than average surrender some of their asset value into the pool. The company in 2024 launched AMP Citro, a rewards platform and app for older Australians. AMP achieved the first quarter of positive net cashflows for its superannuation and investment business since the company's reputation took a battering at the financial services royal commission eight years ago, taking in $33 million for the June quarter compared to a $99 million outflow a year ago.
Perth Now
an hour ago
- Perth Now
Lollipop workers reveal truth about eyewatering salaries
Australian traffic controllers have revealed their eyewatering salaries for holding a stop sign, with some raking in hundreds of thousands of dollars each year. There are more than 16,000 lollipop workers employed across the country, and some workers have reported annual pay of up to $200,000 a year — nearly double the average annual salary for full-time workers. The role involves the direction of road and pedestrian traffic to ensure the safety of emergency response teams, construction workers and the general public. Sky News reported that the high wages are being earned by trade union workers part of Victoria's Big Build project, who pull in about $206,000. But the job is far from standard, with employees working 56 hours over a six-day week. Private company salaries appear to be much lower, starting at $55,000, with an hourly rate of about $30. The union rate is $49 per hour, and doubles to $98 per hour for 16 hours of double time. A Facebook group called Traffic Controller Australia sees many workers call out the high pay perception as far from the truth for non-union workers. One user said, 'I don't even make half of that, and that's with working away a lot'. Others have said they are treated badly by the public. One Facebook user wrote, 'there is no power being a traffic controller' and that 'most of the population think we are pests and do nothing'. In a TikTok interview, one worker said they are 'not allowed to sit down' and that workers have to learn to occupy themselves. If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. Workers seem to disagree on how difficult the job really is. Some lollipop workers have come forward, saying the work is easy and they get paid to just stand there. Ruth Birch, a TikTok user, told her followers she would 'rather be paid to be bored than to be stressed'. If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. She encouraged other women to get their traffic control ticket so they could do the same work. But others highlighted the danger of the work, even saying they have risked their lives while on the job. Many say they experience an increased risk of physical harm, especially when called to crash sites. One Reddit user said the work is 'definitely not hard' but is 'very dangerous'. If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. Jobs and Skills Australia highlights a significant gender gap, as 67 per cent of those employed in the field are men.
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Larvotto plumps finances with US$105M for NSW gold/antimony mine
Larvotto Resources has raised US$105 million to help restart its Hillgrove gold and antimony project in New South Wales, thanks to a fully subscribed senior secured bond issue backed by major Australian and overseas investors. Larvotto says the issue highlights the compelling development case for Hillgrove and its potentially pivotal role in supplying critical antimony to global markets. Investors in the bond issue include leading natural resources and renewable energy companies. The company will invest the new proceeds, its existing cash and other equity to restart its Hillgrove project. Larvotto expects to settle the issue on August 1 and to start drawing on the funds in October. In June, Larvotto received NSW Department of Planning, Housing and Infrastructure approval for its Modification 6 application to upgrade processing infrastructure and underground mining access at the historic mine. 'For the company to be in a position to undertake a bond issue is a strong endorsement of the project and its projected returns.' Larvotto Resources managing director Ron Heeks The critical regulatory milestone enables the company to restart mining and processing activities, has bolstered the company's confidence in final-stage financing and paves the way for first production in 2026. Funds will be allocated to critical development activities, including the transition to dry-stacked tailings, subject to departmental approval. Larvotto has opted for dry-stacked tailings at Hillgrove due to its environmental, engineering and cost advantages and because it is particularly suited to the site's steep terrain and existing infrastructure. Larvotto Resources managing director Ron Heeks said: 'The bond completion marks another milestone for Larvotto Resources and its Hillgrove project. Completed well within the expected project finance timeline, for the company to be in a position to undertake a bond issue is a strong endorsement of the project and its projected returns.'
