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The Guardian - AU

Business

Luca Ittimani

Is Australia’s buy now, pay later boom at an end?

BNPL Afterpay Australia Angel Zhong United States Zip Grant Halverson Kevin James Equifax Klarna

Sydney's Afterpay Arena entrance, with glass front and signage under angular white roof — Sydney SuperDome is now known as Afterpay Arena under a multimillion-dollar naming rights deal. Photograph: Bianca de Marchi/AAP

Afterpay has never turned a profit in Australia. Last month, it spent millions to take over a Sydney Olympic Park arena.

The company says Afterpay Arena will be the first venue where Australians can “buy now, pay later” for their event tickets, merchandise, dinner and even alcohol.

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