Buy now, pay later regulation essential to protect young Australians from debt, experts say

The potential risks of buy now pay later are becoming more known. But are they particularly harmful for young people? (Supplied: David Chau)

For Olivia*, the appeal of buy now, pay later (BNPL) is ease of mind.

The 19-year-old student, currently based in the ACT, says she uses the credit service once a month, at most, and relies on it as a way to reduce her spending while purchasing what she needs.