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Openpay (ASX:OPY) share price erases gains despite positive update



The Openpay Group Ltd (ASX: OPY) share price is on the backfoot this morning despite announcing a lucrative partnership with a key automotive group. At the time of writing, the buy-now, pay-later (BNPL) provider’s shares are down 3.74% to $3.09.

What did Openpay announce?

The Openpay share price is coming under pressure today as investors seem unfazed by the company’s positive news.

According to this morning’s release, Openpay advised that it has entered a partnership agreement. The new agreement is with Ford Australia which is a subsidiary of its global parent group, Ford Motor Company.

In the deal, Openpay’s BNPL solution will be offered to Ford Australia customers. It will be available through its dealership network for…

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