Posts tagged "buy now"

Locally-born buy now, pay (BNPL) later giant Afterpay has tweaked its late fee structure for purchases under $40, as lawmakers consider exposing the company and its competitors to enhanced consumer protections under Australia's credit regulation.

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.

One expert says Afterpay has lost the first-mover advantage, and merchants might be thinking twice about what works best for them.

Afterpay earns its revenue by taking a clip of every dollar transacted through its platform, but does it consider the financial impact to the underlying retail partners?

'Buy now, pay later' platform Afterpay is facing scrutiny, but it insists its protocols ensure only those that can make repayments are able to use the platform.