Block Partners with Narrative I/O to Power Privacy-First Data Infrastructure for Afterpay Media Network

June 15, 2025Australia

Afterpay Advancing Privacy-Led Advertising with Embedded Identity and Measurement Capabilities

DISTRIBUTED-WORK-MODEL/MELBOURNE – Jun 16, 2025 Block, Inc. (NYSE: XYZ), the technology company behind Square, Cash App, and Afterpay, today announced a strategic partnership with Narrative I/O, the leader in privacy-safe data collaboration and identity orchestration. The collaboration is set to significantly advance the Afterpay Media Network (AMN), enhancing its infrastructure with a privacy-centric, scalable, and interoperable foundation that redefines how brands engage consumers.

Through this partnership, Block will integrate the Narrative Anywhere Native App and its advanced data orchestration technology directly into its Snowflake environment. This architecture empowers Block to deliver powerful advertising solutions to brands and merchants without compromising the privacy of sensitive financial and transaction data — a critical differentiator for the Afterpay Media Network.

“Our ecosystem at Block gives us an unparalleled view of the modern commerce landscape,” said Marni Schapiro, GM of Global Advertising & Partnerships at Afterpay. “With Afterpay, Square, across the world and Cash App in the US, we capture rich signals across both digital and physical retail. For the AMN, this partnership enables us to activate the Afterpay insights responsibly, with Narrative’s infrastructure ensuring end-to-end data privacy.”

Key enhancements enabled by the partnership:

  • In-Environment Data Orchestration: Narrative Anywhere’s deployment within Block’s Snowflake instance ensures that sensitive data never leaves Block’s secure environment.
  • Federated Identity Infrastructure: Links first and third-party identity signals across platforms without centralising data, supporting intelligent audience construction and enhancing addressability.
  • Advanced Measurement & Attribution: Enables precise incrementality testing and attribution, aligned with privacy compliance standards.
  • Streamlined Activation: Direct integration with platforms like Yahoo DSP facilitates efficient campaign deployment and optimization.

The Afterpay Media Network, a first-of-its-kind commerce media network powered by Yahoo DSP in Australia, is already live in Australia and available to select advertisers, leveraging proprietary insights from Afterpay transactions – both online and in-store – to offer brands a deeper understanding of consumer behaviour. The platform is fast becoming a blueprint for next-generation commerce media solutions that are privacy-respecting by design.

“Traditional commerce media models often expose brands to unnecessary privacy risks by moving data into third-party environments,” said Schapiro. “Our work with Narrative eliminates that risk while unlocking sophisticated audience-building capabilities that deliver real outcomes.”

“Narrative Anywhere offers a fundamentally new model for data collaboration,” added Tim Mahlman, CEO of Narrative. “By embedding our platform directly into Block’s environment, the Afterpay Media Network gains full control over identity logic, data flows, and measurement — all without transferring data externally. That’s what real privacy-safe advertising looks like.”

The partnership reflects the rising demand for commerce media infrastructure that is compliant, composable, and under full control of the data owner — with the Afterpay Media Network now at the forefront of this transformation.

For partnership inquiries and media opportunities, please contact the Afterpay or Yahoo Advertising teams.

About Afterpay 
Afterpay is transforming the way we pay by allowing customers to buy products immediately and pay over time – enabling simple, transparent and responsible spending. We are on a mission to power an economy in which everyone wins. Afterpay is offered by thousands of the world’s favourite retailers and used by millions of active global customers. Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, where it is known as Clearpay. Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE: SQ).
About Narrative 
Narrative is a data collaboration company helping enterprises turn siloed, incompatible data into usable intelligence. Our platform automates data standardization and streamlines how companies activate, share, and connect data across ecosystems. With Narrative Anywhere, organizations can collaborate on data without needing to centralize it—preserving control, privacy, and flexibility. Whether you’re building a retail media network, activating a partner strategy, or driving clean room use cases, Narrative enables secure, scalable data collaboration wherever your data lives.
About Block, Inc.
Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and Proto, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.

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