Buy Now, Pay Later – What lies ahead?

The BNPL industry finds itself amidst a combination of challenging global economic conditions, intense consumer group scrutiny and recently announced tighter regulations. James Stewart, Steve Jackson, and Jacqui Oestreich discuss what lies ahead for the BNPL industry.

The Buy Now Pay Later (BNPL) industry is back in the spotlight following the Federal Government’s recent announcement that BNPL products would be regulated as credit products. According to Assistant Treasurer Stephen Jones, Treasury’s plan will require BNPL providers to: hold Australian Credit Licences; comply with Responsible Lending Obligations; meet statutory dispute resolution and hardship requirements; comply with statutory product disclosure and other information obligations; ab...

Sign in below or register now to read the full article

Authors: James Stewart, Steve Jackson,

Published Date: 15 June 2023