Jack Dorsey’s Block ends Afterpay smartphone tie-up with Australia’s Westpac
By
Biju Kumar
Afterpay, the Australian payments firm bought by Jack Dorsey’s Block Inc, and Australia’s Westpac Banking Corp ended a partnership after the firm cancelled a smartphone app it was running with the bank, the companies said.
Since Block’s $29 billion buyout earlier this year, buy-now-pay-later star Afterpay said it decided to integrate its products with its new owner’s “ecosystem” instead, which meant closing the personal finance app that was run by the No. 3 Australian bank.