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The Afterpay Touch Group Ltd (ASX:APT) share price has lifted 152% in 12 months

Source: Company presentation

Buy now, pay later payment platform Afterpay Touch Group Ltd’s (ASX: APT) share price has a one year return of 151.54%, so it’s little surprise it was among the best performing S&P/ASX 200 shares last week.

Afterpay shares touched a 52-week high of $21.13 to close off September 6, 2018. It has dropped back since to open today at $13.10, with APT shares up 2.6% to $13.42 in early morning trade.

Afterpay investors are closely following the company’s ambitious plans to crack the US consumer market with the UK the “next logical step” for international expansion.

Afterpay will prepare to launch its globally scalable system into the UK within six months.

Lesser known digital payment platform Zip Co Ltd (ASX: Z1P), while eclipsed by Afterpay in terms of market capitalisation, is still one to watch in the sector – particularly as Zip recently announced a partnership with Wesfarmers Ltd (ASX: WES).

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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