Hell Pizza takes BNPL to new depths with ‘pay when you’re dead’ scheme
New Zealand pizza chain, Hell Pizza, is challenging Buy Now Pay Later with its own 'pay when you're dead' scheme.
BNPL products like Afterpay will now have similar regulation to credit cards
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.
As BNPL regulation looms, the finance sector will review its own self-regulatory framework
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.
Afterpay: BNPL is better for consumers than credit cards, and it can’t be regulated in the same way
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.
Consumer groups call for regulation in “unfettered” BNPL industry
Choice and Which? are among a consortium of consumer groups from nine countries calling for more regulation in the BNPL sector.
Afterpay, OpenPay and Klarna change “potentially unfair and unclear terms” for UK customers
A group of BNPL providers have agreed to update their contract terms in the UK, following scrutiny from the Financial Conduct Authority.
BNPL stocks fell in 2021, so what’s next?
In the 12 months to November 30 2021, the 15 ASX-listed BNPL companies lost an average about 36% of their share value.
Frydenberg targets BNPL and cryptocurrency with payments regulation reform
Frydenberg will promise to modernise payments regulation and oversight in order to keep pace with technology, and to better protect consumers.
“A rising tide lifts all boats”: Zip’s Larry Diamond unconcerned about increasing competition in the Aussie BNPL scene
Zip Co has found itself in an increasingly crowded marketplace under increasing scrutiny. But founder and chief Larry Diamond is none-too-worried about the competition.
It’s time to regulate BNPL in Australia, says Commonwealth Bank chief
The buy-now, pay-later sector in Australia is all grown up and ready for regulation, according to Commonwealth Bank chief Matt Comyn.
BNPL code of practice to come into effect next week, in a win for self-regulation
The long-awaited BNPL code of practice is set to come into effect on Monday, March 1, including provisions for naming and shaming bad actors.
High BNPL fees a “burden” on the Aussie retail sector, says Klarna Australia boss
High merchant fees for BNPL services are “a burden” on the Aussie retail sector, says Klarna's Fran Ereira.
