Posts tagged "National Credit Act"

It's time to "start working on regulating" the BNPL sector "within the credit space", Financial Services Minister Stephen Jones said.

Buy-now-pay-later giants Afterpay and Zip have signed onto a new industry code of conduct to improve consumer protections... but merchants have missed out.

Should buy-now-pay-later services such as Afterpay be able to prevent merchants from passing on their fees to customers? Merchants say yes.

Commonwealth Bank has joined Snoop Dogg as a shareholder in buy-now-pay-later giant Klarna, with the intention of taking on Afterpay.

Now out the other side of regulatory scrutiny, BNPL players such as Afterpay and Humm are looking to a future with broader demographics.

Afterpay is going cap in hand to investors for support in realising ambitious growth targets by expanding overseas and "scaling" its SME business.

In light of the rise of buy-now-pay-later offerings, should the law be changed to make a distinction between credit and debt?