Afterpay is preparing to launch its new Money app, which will offer a savings account and debit card targeted at young Aussies Jack Derwin Afterpay's new Money app. Afterpay is making a major pivot into banking services, unveiling its new Money by Afterpay app to be released in October. Offering a savings account and a debit card via Westpac, the company wants the standalone app to become the go-to financial management tool of young Australians. Westpac is expected to pay interest to Afterpay customers and a finder fee to Afterpay directly in a bid to access the buy now, pay later company's user base, while deals with other financial institutions are expected further down the track.