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Afterpay co-founder points to Gen Z, Millennials’ growing economic clout

Afterpay co-founder points to Gen Z, Millennials’ growing economic clout

The cost-of-living crisis has fuelled greater demand for buy now, pay later products – especially from younger Australians – says Block executive Nick Molnar.

  • by Clancy Yeates

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Critics warn changes to buy now, pay later don’t go far enough
Analysis
Analysis

Critics warn changes to buy now, pay later don’t go far enough

Until now, these wildly popular facilities like Afterpay and Zip have slipped through the cracks of the National Credit Code. But that is soon to change.

  • by Nicole Pedersen-McKinnon
Afterpay lifts credit limit while bracing for looming buy now, pay later laws

Afterpay lifts credit limit while bracing for looming buy now, pay later laws

Afterpay is preparing for proposed government legislation that would require buy now, pay later operators to perform credit checks on new customers.

  • by Millie Muroi
Fears as more shoppers use credit cards to buy now, pay later
Analysis
Analysis

Fears as more shoppers use credit cards to buy now, pay later

Many people are using credit cards to pay off their buy now, pay later (BNPL) debt, stoking fears of a cascading “debt trap”.

  • by John Collett
Just Afterpay it? If you buy now, you might pay later
Opinion
Opinion

Just Afterpay it? If you buy now, you might pay later

Buy now, pay later services can seem like a good deal on the surface, but can be problematic if used improperly.

  • by Dominic Powell
Buy now, pay later companies commit to better access to hardship support schemes

Buy now, pay later companies commit to better access to hardship support schemes

The Australian Finance Industry Association has released interim guidelines to protect customers ahead of the federal government’s intended regulation of the popular short-term loans.

  • by Sumeyya Ilanbey
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Dental check-ups and food: Young people relying on BNPL for the basics

Dental check-ups and food: Young people relying on BNPL for the basics

The NSW Advocate for Children and Young People says the impact of cost of living pressures on youth is not being taken seriously by governments.

  • by Mary Ward
Warning on risks as buy now, pay later surges

Warning on risks as buy now, pay later surges

The Bank for International Settlements has warned that rapid global growth in buy now, pay later (BNPL) services could create risks in the financial system.

  • by Clancy Yeates
Afterpay defends subscription foray after consumer group warnings

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
How the buy now, pay later changes could affect you
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

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