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ABC News
ABC News
Business
business reporter Rhiana Whitson 

Buy now, pay later companies on the brink as bad debts and interest rates rise

BNPL Interest Rates Daniel McCarthy Peter Gray Stephen Jones Afterpay Grant Halverson John Gunn Simon Tucci Zip
Buy now, pay later has allowed Daniel McCarthy to grow his online business.  (ABC News: Simon Tucci )

Buy now, pay later products such as Afterpay and Zip have become a popular payment method, but the sector is facing a perfect storm of rising interest rates, bad debts, a crowded marketplace and looming regulation.

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