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The Latest Breaking News from Afterpay

Consumer groups tough on buy now pay later

The federal government is considering making changes to buy now pay later regulations as uptake of the services climbs in Australia.

AAP

Buy now, pay later schemes increasingly an avenue for financial abuse, report finds

A quarter of financial counsellors surveyed said at least half the women seeking help had been coerced into acquiring BNPL debts

The Guardian - AU

3 Stocks You Need to Sell Pronto

Despite the latest inflation data showing a marginal slowdown, inflation is still hovering around an uncomfortably high level, and an end to Fed’s hawkish stance is nowhere in sight. With businesses being increasingly hurt by slowing down demand and rising borrowing costs, it could be wise to get rid of…

StockNews.com

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Australians turning to buy now, pay later schemes for groceries ‘stuck in a revolving door’ of debt

Financial counsellors say more and more people are turning to BNPL services for essentials such as food, petrol and bills

The Guardian - AU

3 Blockchain Stocks to Sell Before They Lose Even More Ground

Despite blockchain’s massive potential due to its decentralized nature and wide-ranging application, the macroeconomic headwinds have kept blockchain stocks under pressure along with other technology stocks. Furthermore, blockchain’s near-term prospects look bleak as cryptocurrency, its most popular use case, is witnessing significant declines amid regulation issues and increased skepticism. Hence,…

StockNews.com

One in seven buy now, pay later customers had more than 20 loans last year, Choice survey shows

Use of BNPL services to cover essential bills raises concerns as Albanese government prepares to consult on regulating the sector

The Guardian - AU

EXPLAINER: What to know about 'buy now, pay later'

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time

The Independent UK

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As 'buy now, pay later' plans grow, so do delinquencies

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

The Independent UK

New York, London, Milan and Paris: What to expect from fashion month

Everyone from Burberry and Tommy Hilfiger to Victoria Beckham and Gucci will be showing their spring/summer 2023 collections.

The Independent UK

Benzinga Before The Bell: Elon Musk's Demand For Broad Twitter Data Dismissed, Xiaomi Wants To Join EV Race, Bed Bath & Beyond Plans To Share Turnaround Strategy Next Week And Other Top Financial Stories Friday, August 26

CNBC The Aviation Sector Is Slammed By Sky-High Rents

Benzinga

Afterpay’s NFTs grant access to NYFW shows and exclusive products

AnOnlyChild, Jonathan Simkhai, and Kim Shui are among some of the designers behind the collection.

Input

ASX Buy-Now-Pay-Later Stocks Enter Regulatory Spotlight

From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars.

Benzinga

The Buy Now, Pay Later Juggernaut Is About to Be Tested

Economic uncertainty, competition, regulators, and the usual consumer debt problems are spoiling the fun.

Businessweek

Why buy now, pay later can cost much more than a credit card

Buy now, pay later is often touted as a cheaper alternative to credit cards, but new research shows it can actually end up costing much more.

The New Daily

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Benzinga

Financial Services Firm Block Stock Has Fallen 59% In 2022

Financial services firm Block (NYSE: SQ) stock has fallen (-59%) into the toilet for 2022. The e-commerce processing and payments platform subsidiary Square expanded its services through acquisition and integrated them into its wildly popular Cash App mobile payment service.

ABC News

The Loop: Stage set for State of Origin decider, TikTok admits Australian data is accessible in China, and an 'unusual' hailstorm hits Byron Bay

Get up to speed on today's headlines with The Loop.

ABC News

Afterpay's founders Anthony Eisen and Nick Molnar are Australia's highest-paid CEOs

Afterpay's co-CEOs and founders Anthony Eisen and Nick Molnar are Australia's highest-paid executives, collecting a combined $264.2 million – together they earn more than 2,800 times the full-time average wage.

The Guardian - AU

Morning mail: Pacific Islands Forum rift, new images of universe, top five State of Origin deciders

Wednesday: Anthony Albanese to face contention when he lands in Fiji. Plus: stunning pictures from the James Webb telescope

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news in one place.

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Input

Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

The Guardian - AU

Afterpay co-founders take home record $264m as Australian executive pay bounces back

Amid sluggish wage growth, chief executive pay among the top 100 listed companies rises to about 100 times average adult earnings

ABC News

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

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

The New Daily

Buy now, pay later clobbered by interest rate hikes and inflation fears

Buy now pay later firms have been the darlings of share markets in recent years but their shareholders are at last having to pay the cost

Benzinga

Apple Enters BNPL Sector, Unveils Apple Pay Later

Apple Inc. (NASDAQ: AAPL) is planning to offer buy now, pay later (BNPL) services in the US despite concerns of a potential market squeeze as more providers have a crack at the sector amid growing consumer borrowing and spending.

Input

Apple’s buy now, pay later service couldn’t have come at a worse time

Apple's Pay Later service comes as competitors like Klarna and Afterpay face scrutiny and lawsuits for leading young customers into debt

The Guardian - AU

NAB to introduce buy now, pay later product placing further pressure on existing operators

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene

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