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HISTORICAL FACTS: 11 - Caught on Camera

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

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

Benzinga

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

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

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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

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

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

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

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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

Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

Input

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

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

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

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

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

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The Independent UK

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

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

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

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.

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The Guardian - UK

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

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

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

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

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

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

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

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