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Calls for tighter regulation as buy now, pay later costs mount

Calls for tighter regulation as buy now, pay later costs mount

A surge in the use of buy now, pay later in online shopping through the pandemic has prompted consumer advocates to again call for tighter regulation of the products.

  • by Rachael Dexter

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US class action against Afterpay exposes the hidden cost of BNPL
Opinion
Opinion

US class action against Afterpay exposes the hidden cost of BNPL

The legal action itself may be frivolous but it brings the spectre of regulation back on the radar for Afterpay, which is hoping to hit paydirt in the US. 

  • by Elizabeth Knight
Klarna shrugs off bank threat as it signs up A$AP Rocky as investor

Klarna shrugs off bank threat as it signs up A$AP Rocky as investor

Klarna has shrugged off the growing competition from banks, saying it wants to be a shopping platform rather than a mere payments business.

  • by Clancy Yeates
BNPL outfit Limepay stumbles on path to IPO

BNPL outfit Limepay stumbles on path to IPO

Buy now, pay later contender Limepay’s path to an initial public offering is looking less certain with the abrupt departure of the startup’s co-founder.

  • by Cara Waters
Afterpay rollercoaster gets ready to deliver next big hit

Afterpay rollercoaster gets ready to deliver next big hit

The $25 billion buy now, pay later juggernaut is mulling an entry into the small business lending market as it expands its offering to consumers and businesses.   

  • by Cara Waters
Farewell Afterpay, Australia loses its homegrown tech giant to the US
Opinion
Opinion

Farewell Afterpay, Australia loses its homegrown tech giant to the US

The US is the outsized toddler within Afterpay’s global business and is now the largest contributor to underlying sales.

  • by Elizabeth Knight
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Zip Co plays down CBA threat as US growth surges
Updated
Zip Co

Zip Co plays down CBA threat as US growth surges

Zip co-founder Peter Gray says banks eyeing the buy now, pay later market had a trust problem with younger generations that have flocked to the sector.

  • by Clancy Yeates
‘No concerns’: Klarna boss unfazed about big banks’ BNPL plays

‘No concerns’: Klarna boss unfazed about big banks’ BNPL plays

The Australian head of buy now, pay later outfit Klarna has dismissed concerns over Commonwealth Bank’s recent foray into the sector.

  • by Dominic Powell
Credit report ‘blind spot’ grows with BNPL providers

Credit report ‘blind spot’ grows with BNPL providers

Buy now, pay later use surges, but missed repayments are generally not recorded on credit reports, making it harder for lenders to assess home loan applicants

  • by John Collett
How our primal instincts fuel Afterpay’s buy now, pay later juggernaut

How our primal instincts fuel Afterpay’s buy now, pay later juggernaut

To understand why Afterpay and the buy now, pay later phenomenon has become so popular, behavioural scientists are harking back to our early days on the African savannah.

  • by Colin Kruger
Financial giants shake up buy now, pay later sector

Financial giants shake up buy now, pay later sector

Commonwealth Bank will be first of the big banks to provide a buy now, pay later service. Others may follow.

  • by John Collett