Posts tagged "BNPL"

Just a few short years ago, the retail landscape underwent a massive transformation with the advent — and rapid adoption — of buy now, pay later (BNPL) services. But with so many new entrants looking to solidify their presence in the market, only the most valuable solutions have stood the test of time. Here’s how Afterpay continues to deliver true value to merchants. 

Afterpay says it has no plans to shake up its Australian brand, despite reports its American operation will be merged with peer-to-peer payments platform Cash App, and payment experts flagging significant regulatory changes at home in 2024.

Bizpay, the Australian fintech offering buy now, pay later services for business-to-business invoices, has fallen into voluntary administration.

INKPAY, a buy now, pay later platform dedicated to tattoos has collapsed into administration, after claiming the cost of new regulations which treat BNPL like a traditional credit product will be too much to bear.

New Zealand pizza chain, Hell Pizza, is challenging Buy Now Pay Later with its own 'pay when you're dead' scheme.

After years of scrutiny, BNPL products such as Afterpay will now be regulated under The Credits Act. Assistant Treasurer Stephen Jones announced the move on Monday.

Block, the American fintech giant which acquired Afterpay in a $39 billion deal, has "misled" investors on key business metrics and "embraced predatory offerings", according to a new report from infamous shortsellers Hindenburg Research.

Federal Treasurer Jim Chalmers kicked off the first Federal Parliamentary sitting week of 2023 by championing “values-based capitalism”, whe…

Australian buy now, pay later player Openpay has fallen into receivership, becoming the first major local player to buckle under the weight of successive interest rate hikes.

In a response to a Treasury consultation paper on buy now pay later regulation, Afterpay has said that credit checks may have a role to play. But in remains critical.

BNPL’s popularity as a credit product is only surpassed by credit cards, used by 31% of young Australians in the past year.

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.