The Australian government is looking to tighten the regulation of the “buy now, pay later” (BNPL) sector as it hopes to stop more customers from falling into dire financial straits. Speaking to Nine Network on Nov. 21, Financial Services Minister Stephen Jones said the BNPL industry could be subject to the same regulation as the…
‘Buy Now Pay Later’ in the Crosshairs of Australian Regulators
November 21, 2022
admin
afterpayAustraliaBusiness & Marketsbuy now pay laterCompaniesInternationalpersonal financeStephen JonesWorldzip co
0 Comment
Afterpay’s $29 Billion Buyout by Block Set to Close After Spain Nod
Australian buy now, pay later firm Afterpay Ltd. said on Wednesday its $29 billion buyout by payments firm Block Inc., previously known as Square Inc, has received approval from the Bank of Spain, making the deal fully unconditional. With this approval, the companies can now implement the deal, which would be Block’s biggest to date…
Buy Now, Pay Later Offers Illusionary Benefits: Top Finance Professional
One of Australia’s top financial advisors has called out the Buy Now, Pay Later (BNPL) sector’s business model saying its supposed benefits are illusory. In his latest report, “Afterpay: The Hype and the Reality”, Prof. Janek Ratnatounga, CEO of the Institute of Certified Management Accountants (CMA) Australia & New Zealand and a former consultant to the World Bank, said…
Commonwealth Bank Joins Buy Now, Pay Later Market With StepPay
Commonwealth Bank of Australia (CBA) has announced it will launch its own buy now, pay later (BNPL) platform, StepPay. StepPay will be competing with other BNPL platforms like AfterPay, which signed a historic $39 billion acquisition deal with American company Square on Aug. 3. Existing CBA customers will be able to use the new BNPL service…
Twitter CEO Buys Australian ‘Buy Now, Pay Later’ Afterpay for $39bn
August 2, 2021
admin
afterpayasxAustraliabuy now pay laterInternationalJack DorseyShare marketTechTech NewsUSUS NewsWorld
0 Comment
Twitter co-founder and CEO Jack Dorsey’s digital payments platform, Square, announced on Monday that it entered a $39 billion (US$29 bn) agreement to acquire one of Australia’s leading buy-now-pay-later (BNPL) companies, Afterpay. “Square and Afterpay have a shared purpose,” Square CEO Jack Dorsey said in a joint statement. “We built our business to make the financial…
Over 60 percent of Aussie Millennials Don’t Have Savings Plans
According to a recent survey, over 60 percent of Australian millennials don’t have a savings plan for their future, while a third only save occasionally. Commbank research surveyed 1,002 Australians aged 24-39 during April and studied millennials’ attitudes and habits towards their personal finances. It found that only two in five have a regular savings…
Commonwealth Bank Boss Expects Rules for Pay Later Firms
Commonwealth Bank boss Matt Comyn expects scrutiny and regulatory concerns to increase for buy now, pay later providers, despite authorities declining to impose conditions on the credit providers. Comyn on January 28 remained convinced that the likes of Afterpay and Zip, which tend to charge late payment fees rather than interest, will eventually face tighter…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta