Labor plans to rein in BNPL under traditional credit laws, adding new regulatory scrutiny to pay-in-four providers
It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.
‘It’s actually a threat’: Apple crashes the buy now, pay later party, putting fintechs on high alert
Apple's deep pockets mean its new Apple Pay Later product could challenge existing leaders in the buy now, pay later space.
Klarna’s CEO cops criticism for posting list of 560 redundant employees online
The CEO of the buy now, pay later provider has taken to LinkedIn to provide a list of laid off Klarna employees other companies should consider hiring.
NAB enters crowded BNPL market with zero-fee NAB Now Pay Later
NAB's new buy now, pay later endeavour will be rolled out in July and will offer a zero fees alternative to competitors in the market.
Afterpay and Square team up to see buy now, pay later dinners, coffees and massages
Square's physical point-of-sale systems are now integrated with Afterpay, letting the BNPL juggernaut reach into the hospitality sector.
Adam Schwab: Why I love asset market crashes, and you should too
"This may not be the most popular view among everyone reading this column, but I absolutely love asset market crashes," writes Adam Schwab.
A Youth Allowance recipient had $8000 in BNPL debt. More than 100 organisations say it’s time to regulate
Financial Counselling Australia is one of more than 100 signatories that penned an open letter to urge policymakers to reign in the emerging industry.
Checkout options: What your business should use based on popularity, cost and implementation
There’s never been more ways for businesses to take people’s money, so let’s explore the various checkout options now available to SMEs.
Australian BNPL operator Pay It Later accused of owing small businesses as co-owner seeks company wind-up
A group of small business owners have accused Australian buy now, pay later firm Pay It Later of withholding hundreds of thousands of dollars in sales revenue.
Fintech Fupay brings in BNPL for groceries and petrol, as the pay-in-four trend continues
After expanding into renting last year, Fupay has announced new partnerships in the grocery and fuel sectors with Foodworks, IGA Marketplace and United Petroleum.
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.
