Posts tagged "Australian Finance Industry Association"

Drawn up with the help of industry participants like Afterpay, Zip, and Klarna, the Code of Practice is a set of opt-in rules designed to set minimum standards within the BNPL sector.

As Australian lawmakers consider how best to regulate the BNPL sector, a leading industry group claims pay-in-four systems provide a massive boon to local retailers and benefit local consumers.

BNPL doesn’t work like a credit card and it therefore shouldn’t be regulated like a credit card, says Afterpay VP of global regulatory affairs Michael Saadat.