BNPL
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
Latest
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
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
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
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
Exclusive
Cost of living
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
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
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
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
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
‘An alluring trap’: Desperate shoppers use buy now, pay later for groceries and petrol
Soaring numbers of people are resorting to buy now, pay later services for food, bills and fuel as experts warn of a troubling trend in Australians having their entire wages deducted to pay back spiralling debts.
- by Melissa Cunningham