Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

HISTORICAL FACTS: 11 - Caught on Camera

Debt trap risks for those with multiple Buy Now Pay Later accounts

Buy now pay later companies are lending money to vulnerable Australians without knowing whether they hold accounts with multiple providers.

The New Daily

How buy now pay later can be a Christmas gift that keeps on taking

University of Newcastle lecturer in sociology and member of the Newcastle Youth Studies Centre Dr Julia Cook said young people made up the majority of BNPL customers.

Newcastle Herald

90% of young people had financial troubles in 2022, and 27% used 'buy now, pay later' services

Buy Now, Pay Later (BNPL) services have dramatically changed the landscape of personal lending, largely by being easy to access and not charging interest – thus avoiding national credit laws.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

In a year marked by inflation, 'buy now, pay later' is the hottest holiday trend

People are paying for blenders, shirts and even groceries in installments. New research suggests this encourages people to overspend.

WEKU

London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector

Zilch joins rival Klarna in making a series of layoffs in a bid to cut costs as investors weigh the prospects for BNPL firms after higher borrowing costs squeeze profits

Evening Standard

Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

Bangkok Post

‘Significant harm’: Government urged towards toughest option in buy-now-pay-later crackdown

Buy-now-pay-later giants like Afterpay could be forced to obtain credit licenses and check whether their customers can afford loans.

The New Daily

Read news from The Economist, FT, and more,
with one subscription

Consumer groups demand stricter regulation of buy now, pay later loans to reduce harm

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

The Guardian - AU

Buy now, pay later schemes increasingly an avenue for financial abuse, report finds

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

The Guardian - AU

Can Affirm take down the credit card industry? It’s CEO Max Levchin’s 30-year plan

Between a huge IPO pop and eventual stock drop, Affirm's CEO says the mission to help consumers hasn't wavered.

Fortune

Australians turning to buy now, pay later schemes for groceries ‘stuck in a revolving door’ of debt

Financial counsellors say more and more people are turning to BNPL services for essentials such as food, petrol and bills

The Guardian - AU

Experts warn against using Klarna to pay for Deliveroo takeaways

There are fears people will fall into further debt as the costs spiral

The Independent UK

Brits can now spread the cost of a Deliveroo using Klarna - and experts don't like it

Consumers can now buy a Deliveroo takeaway using buy now, pay later firm Klarna, but experts say the idea is 'extraordinarily irresponsible' and can impact your finances

Daily Mirror

‘It’s just so easy, isn’t it?’ How buy now, pay later can leave Britons struggling with debt

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?

The Guardian - UK

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Can’t qualify for a personal loan? 4 alternatives to try

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

Bangkok Post

TrueMoney inaugurates 'Pay Next - Credit on Hand'

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.

The Guardian - UK

Debt concerns as UK public sector workers turn to buy now, pay later

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

The Guardian - AU

One in seven buy now, pay later customers had more than 20 loans last year, Choice survey shows

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

Get all your
news in one place.

100's of premium titles.
One news app.

The Guardian - UK

Where will struggling households turn to after UK clampdown on payday lenders?

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

Benzinga

ASX Buy-Now-Pay-Later Stocks Enter Regulatory Spotlight

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

The Guardian - UK

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

Bangkok Post

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.

The New Daily

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.

Businessweek

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.

Chronicle Live

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

1 … 10 11 12 13

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

University of Newcastle

University of Edinburgh

Financial Conduct Authority

125 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.