The Latest Breaking News from BNPL

Fears buy now, pay later crackdown will fail vulnerable Australians

A proposed crackdown on the buy now, pay later industry could fail to deliver desperately needed consumer protections, advocates fear.

The New Daily · May 22, 2023

Buy now, pay later services will be considered credit products by the end of the year. Here's how it will work

The federal government will classify buy now, pay later options as credit products, as part of sweeping changes to protect both consumers and the industry. Here's what it means in practice.

ABC News · May 22, 2023

Crackdown on buy now, pay later schemes announced as Labor warns of dangers of growing debt

Under government reforms, schemes to be regulated as credit products in Australia

The Guardian - AU · May 21, 2023

Buy now pay later: Klarna is courting young shoppers with Paris Hilton and TikTok-style algorithms – here's why it's a problem

After adding a few too many items to your online shopping cart, you head over to the payment page to check out. Alongside the usual credit card and PayPal payment fields, you see an enticing new option. A colourful button offers to allow you to spread your payment over several…

The Conversation · May 17, 2023

Sweden’s Klarna burned through $100 million a month to become a buy-now-pay-later giant in the U.S. Can ChatGPT help it turn a profit again?

Klarna, a pioneering fintech startup, seeks a rebound after a year marked by layoffs and a plummeting valuation.

Fortune · Apr 27, 2023

Americans Go Deeper Into Debt as They Use Buy Now, Pay Later Apps for Groceries

With inflation squeezing budgets, more consumers are turning to instant credit apps to make ends meet.

Businessweek · Apr 18, 2023

Five tips to help pull yourself out of a debt spiral

If you've found yourself sinking in debt-filled quicksand, find out what you can do to help drag yourself out.

The New Daily · Apr 12, 2023

More Tasmanians using buy now, pay later for everyday needs

A worrying picture is emerging for Tasmanians struggling with cost of living increases, with many young women and family violence survivors using 'by now, pay later' services for essentials like food and groceries.

ABC News · Apr 5, 2023

Apple joins the 'buy now, pay later' lending trend. Do you know about the downsides?

Starting this week, Apple is rolling out its version of "buy now, pay later."

Los Angeles Times · Mar 31, 2023

The 5 best ‘buy now, pay later’ apps for March 2023

We compared the top buy now, pay later platforms on the market and weighed loan terms, APRs, late fees, credit limits, mobile app ratings, and more.

Fortune · Mar 24, 2023