Is Australia’s Buy Now Pay Later boom at an end?

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NEWSDECK ANALYSIS

The Guardian's coverage focuses on the Australian buy now, pay later market, highlighting the financial struggles of Afterpay, a major player in the industry. In contrast, City AM and BBC Business focus on the UK market, with City AM discussing the potential impact of new regulations on the industry and BBC Business outlining the benefits of these regulations for consumers. The tone of the coverage is broadly similar, with all sources presenting factual information about the buy now, pay later industry. Overall, the outlets agree that the industry is facing significant changes, whether in Australia or the UK.

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Is Australia’s Buy Now Pay Later boom at an end?

Several firms promised to disrupt the consumer credit market by offering consumers their purchases instantly and the bill later. Did it work? Get our breaking news email, free app or daily news podcast Afterpay has never turned a profit in Australia. Last month, it spent millions to take over a Sydney Olympic Park arena. The company says Afterpay Arena will be the first venue where Australians can “buy now, pay lat…

13 Aug, 15:00

BBC Business

Neutral

Buy Now Pay Later rules to bring refunds and rejections

Consumers should be better protected as Buy Now Pay Later lenders now require authorisation to operate.

14 Jul, 23:01

Centre

(1)

City AM

Neutral

A £3bn reckoning that will reshape buy now, pay later

Buy now, pay later providers are cheering the arrival of new regulations.In this week’s column Samuel Norman considers how the industry could be reshaped. Five years ago, the government revealed plans to crack down on the buy now, pay later market after an industry review found financial risks posed by the ease with which consumers [...]