Posts tagged "RBA BNPL changes"

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.

The RBA said BNPL providers should not be able to prevent retailers from passing on the costs, in a decision marking a change of tune for the bank and a change of direction for the whole industry.