ASX Buy-Now-Pay-Later Stocks Enter Regulatory Spotlight From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. Benzinga · Aug 19, 2022
Buy now, pay later firms in UK warned over influencer ads on social media Financial Conduct Authority will take action if posts do not inform consumers of debt risks The Guardian - UK · Aug 19, 2022
KBank, Carabao team up for loan service Kasikornbank (KBank) has joined hands with Carabao Group, the maker of Carabao Dang energy drink, on a plan to offer personal loans under the Kbao brand at Tookdee convenience stores. Bangkok Post · Jul 31, 2022
Federal Reserve’s dovish tilt and mega-tech earnings dominate markets this week In this week's top market news, the Federal Reserve indicates it could ease its foot off the brake pedal as US tech companies perform better than expected. The New Daily · Jul 28, 2022
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 · Jul 28, 2022
Spiralling costs forcing families to use credit to pay essential bills Increase in use of Buy Now Pay Later deals to pay for energy and food sounds alarm at energy and debt advice charities Chronicle Live · Jul 26, 2022
The Pyramid of Lies by Duncan Mavin review – the disgraced financier who charmed David Cameron This meticulous study reveals the greed and gullibility of the ex-prime minister whose endorsement of Australian financier Lex Greensill tells us much about how politicians operate The Guardian - UK · Jul 24, 2022
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 · Jul 20, 2022
Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes The company's dealing with competition, public scrutiny, and stingier shoppers. Input · Jul 12, 2022
Klarna’s road ahead looks a little harder this year With Apple set to enter the market and shrinking appetite for tech stocks the future looks less rosy for buy now, pay later firm The Guardian - UK · Jul 12, 2022
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 The Guardian - AU · Jul 12, 2022
In Indonesia, ‘pay later’ services leave some drowning in debt Buy now, pay later services take off in Southeast Asian country where most people don’t have a bank account. Al Jazeera · Jun 28, 2022
Britons turn to buy now, pay later to cope with cost of living Users are now paying off 4.8 purchases on average Wales Online · Jun 23, 2022
A third of UK ‘buy now, pay later’ users say they can’t handle payments Research finds BNPL shoppers now paying off average of 4.8 purchases since cost of living began to surge The Guardian - UK · Jun 22, 2022
The Independent UK · Jun 22, 2022 Britons turn to buy now, pay later to cope with cost-of-living crisis BNPL users are now paying off 4.8 purchases on average – up from 2.6 in February – with the average amount owed standing at more than £250.
Daily Mirror · Jun 21, 2022 Martin Lewis warns buy now, pay later crackdown won't protect families from 'bleak winter' Martin Lewis has hit out at the “painfully slow” process of regulating the buy now, pay later (BNPL) sector. The MoneySavingExpert said families face a “bleak winter” as the new measures to protect people from taking on debt they can’t afford won’t
ABC News · Jun 20, 2022 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.
Glasgow Live · Jun 20, 2022 Martin Lewis hits back at 'painfully slow' regulation process for Klarna, Clearpay and more Money Saving Expert criticised the 'painfully slow' process to regulate the buy now, pay later schemes that has thrown many young people into debt - firms such as Klarna, Laybuy and Clearpay became popular during the pandemic.
The Guardian - UK · Jun 19, 2022 Martin Lewis frustrated at slow pace of buy now, pay later rules Government outlines two-year wait for curbs on multibillion-pound industry as consumers face ‘bleak winter’
The Guardian - UK · Jun 18, 2022 Buy now, pay later: your rights over refunds as Missguided collapses The fashion brand is not paying buyers back – but big finance firms say they will return cash
The New Daily · Jun 17, 2022 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 · Jun 16, 2022 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.
The Conversation · Jun 10, 2022 Buy now pay later: how to protect consumers without regulating it out of existence Calls to regulate the booming “buy now, pay later” (BNPL) industry have not deterred big brands like Apple and Amazon from the idea of offering consumers an interest-free, no-fee way to spread payments for purchases. Apple cited “users’ financial health” when it announced this new feature, but research shows financially…
Chronicle Live · Jun 9, 2022 Missguided shoppers left in the dark over refunds and returns after website suspended Customers left unable to return goods or process refunds after being faced with error message on fashion brand's home page
The Guardian - UK · Jun 8, 2022 Buy now, pay later boom ought to worry UK regulators Increase in consumers juggling and shuffling debts calls for swift action before it is too late