BNPL
Afterpay defends subscription foray after consumer group warnings
Consumer advocates say Afterpay’s new subscription product could lure Australians into more debt, but the company says it offers a safer alternative to credit cards.
- by Millie Muroi
Latest
Opinion
Opinion
How the buy now, pay later changes could affect you
The government will regulate Afterpay and its rivals as credit, closing a gaping loophole – but there’s a twist.
- by Clancy Yeates
Buy now, pay later to face tough new regulation under credit laws
A legal change will bring buy now, pay later providers closer in line with credit providers, including requirements to comply with industry minimum standards.
- by Millie Muroi
‘An alluring trap’: Desperate shoppers use buy now, pay later for groceries and petrol
Soaring numbers of people are resorting to buy now, pay later services for food, bills and fuel as experts warn of a troubling trend in Australians having their entire wages deducted to pay back spiralling debts.
- by Melissa Cunningham
Buy now, pay later companies urged to do more for vulnerable customers
Buy now, pay later (BNPL) companies say they will consider improving access to hardship support schemes and be clearer about how they can assist vulnerable consumers.
- by Clancy Yeates
Afterpay’s owner Block says US bank bailout ‘critical’ as it plots Australia expansion
Fintechs may be falling out of fashion, but Afterpay’s owner says it has “unique” advantages when it comes to taking on banks.
- by Clancy Yeates
BNPL Openpay goes under as creditors chase debts
The company, which burned through $18 million of cash in the latest quarter, is the latest buy now, pay later player to feel the crunch.
- by Millie Muroi
Analysis
Analysis
Buy now, pay later users more likely to double up on risky ‘pay advance’ products
Those who use buy now, pay later apps are much more likely to also use advance-pay apps, making them more susceptible to falling into financial difficulties.
- by John Collett
Afterpay flags potential credit checks as regulation looms
Afterpay has opened the door to conducting credit checks on some customers as it prepares for regulation of buy now pay later products.
- by Clancy Yeates
Zip says it can weather US recession as it moves closer to profits
Zip Co co-founder Peter Gray has talked up the fintech’s resilience, even as the market worries about how quickly the embattled fintech is burning through cash.
- by Clancy Yeates
Exclusive
Zip Co
Limit strictest rules to credit products over $5000, Zip says
Zip co-founder Peter Gray warned against bringing the entire BNPL sector under the same regulatory framework as big-ticket personal debt products such as credit cards or mortgages.
- by Simone Fox Koob