AfterPay

stock drop finance financial

The Australian and Security Exchange Commission is looking into why the share prices of buy now, pay later platforms Afterpay, Zip and Flexigroup plummeted on Wednesday morning. The market volatility occured two days before a senate committee examining the buy now, pay later sector hands down its final report. According

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One in six buy now, pay later users are facing financial troubles with some becoming overdrawn, have delayed bill payments or borrowed additional money, according to ASIC. These users are predominately between 18-35 years old. The first review by ASIC into the buy now, pay later industry also found consumers

Amazon Prime

Amazon’s Prime Day kicks off in Australia for the first time today. It’s the latest in a series of global shopping events to infiltrate the local market, boosting traffic and online sales as well as adding new pricing pressures to local retailers. Starting in 2015, Amazon’s artificial holiday began with

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Australians spent $21.3 billion online last year, up 18.7 per cent versus 2016, according to Australia Post. That’s about 8 per cent of traditional retail sales, which excluding cafes and restaurants, still accounted for $267.4 billion spent in 2017. Sign up for Which-50’s Irregular Insights newsletter Local retailers accounted for

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Online shopping baskets are getting bigger. According to The Changing Face of Retail in Australia: State of eCommerce Report, Australians are spending per online transaction and purchasing more frequently in 2017 than ever before. Sign up for Which-50’s Irregular Insights newsletter The report, produced by ecommerce solution provider Neto, analyses

Australia Post Parcel lockers

Australia Post is launching a new Amazon Prime-like delivery service called Shipster, which will provide free shipping for online shoppers in the lead up to Christmas. For $9.95 Shipster members will receive free shipping from more than 40 participating retailers when they spend more than $25 for delivery within Brisbane,