buy now pay later

Australia’s financial crime watchdog AUSTRAC has ordered the appointment of an external auditor to examine Afterpay’s compliance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act). In response to the news Afterpay’s shares plummeted 13 per cent to $22.19 a share. The buy now, pay later scheme

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Buy now, pay later platforms are still booming with new research from Roy Morgan showing in the past 12 months 1.59 million Australians are using platforms like Afterpay and Zip. The report, Digital Payment Solutions Currency Report showed more than 40 per cent of those using buy now, pay later

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Australian buy now, pay later provider PayRight has raised over $30 million dollars in funding as it eyes international expansion and the deployment of a custom digital platform. The vast majority of the funding has been generated in the last 12 months, led by corporate advisory firm Henslow in partnership

investigating report

Buy now, pay later platforms have welcomed a final report into the credit and financial services sector that was handed down late Friday afternoon. The senate inquiry made a number for recommendations to companies like Afterpay, Zip Pay and FlexiGroup, but none of those recommendations included expensive credit checks for

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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