The Latest Breaking News from BNPL

Federal government releases options paper with toughest proposal agreeing BNPL should be regulated like credit cards

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

We spend almost £1bn a month through retailers’ spread-the-cost payment schemes. But many borrowers find themselves missing payments, covering instalments with credit cards – and using the schemes to pay for food and other essentials. Is online credit spiralling out of control?

A personal loan can be a good option when you need money, but it typically requires strong credit and high income to qualify

TrueMoney, a major e-payment and financial service provider in Asean, is offering a buy now, pay later (BNPL) service through its Wallet app, enabling users to make purchases from a credit line without having to spend their personal cash.

Use of services such as Klarna, Clearpay and Laybuy rising as staff rejected by mainstream lenders

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

Market once dominated by Wonga has halved but some industry figures say there could be role for more tightly regulated sector

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