BNPL
Buy now, pay later on the brink: ‘The entire market is collapsing’
The buy now, pay later sector’s rising bad debts and losses have become more apparent after pandemic stimulus payments from the government ended last year, and investors are worried.
- by Colin Kruger
Latest
Opinion
Apple
Apple’s BNPL entry will have Afterpay and co nervous
Buy now, pay later startups Klarna and Afterpay have had a good run. Now, much bigger players look like they’re gearing up to steamroll the little guys.
- by Paul J. Davies
Humm’s Abercrombie warns on rising bad debts for former BNPL darlings
The former chairman of consumer finance business Humm, Andrew Abercrombie, has warned loan losses in the struggling buy now, pay later sector will worsen.
- by Clancy Yeates
‘Dud deal’: Board stoush over Humm’s $335m sale heats up
A boardroom split within the consumer finance business Humm has deepened, with former chairman Andrew Abercrombie lashing a proposed deal as ‘nothing short of highway robbery.’
- by Clancy Yeates
NAB keen to steal Afterpay customers with belated BNPL entry
NAB is late to the buy now, pay later party, but has high hopes it can turn younger Australians into lifelong customers.
- by Jessica Yun
Analysis
Fintech
Why Afterpay is no longer a market darling
“Crazy” valuations for buy now, pay later companies have plummeted. Now investors are demanding proof these cash-burning businesses can make profits.
- by Clancy Yeates
BNPL sector needs to dig itself out bad debt hole, says Zip chair
Diane Smith-Gander says the buy now pay later group has a positive story to tell but the entire sector missed a fundamental shift in the market.
- by Sarah Danckert
From butchers to hairdressers: Block plots Afterpay expansion
The owner of Afterpay will offer the buy now, pay later service to its “bricks and mortar” customers including butchers, restaurants and hairdressers.
- by Clancy Yeates
Afterpay owner Block eyes Australia amid global growth push
US fintech giant Block has given a strong signal that it could to launch its hit financial app in Australia, which allows peer-to-peer payments as well as trading stocks and cryptocurrencies.
- by Clancy Yeates
Afterpay rival Zip tightens lending as bad debts climb
Zip Co has signalled it will be more conservative in lending and will slash $30 million in costs as it looks to accelerate a plan to start making profits.
- by Clancy Yeates
Afterpay posts huge loss as bad debts mount
Despite a surge in revenue, Afterpay posted a huge loss as operational expenses blew out.
- by Sarah Danckert