Most Buy Now, Pay Later (BNPL) companies say they don’t sell debt — but they will still sell your debt to a debt collector. And if the debt collector is not collecting debt, what’s it collecting? Such is the twisted game of semantic linguistics the BNPL sector plays as it
Openpay shares drop first day on the ASX, While Latitude and Mastercard partner to create BNPL offering
Buy now pay later platform Openpay dropped 17 per cent on its first day listed on the ASX. According to the Sydney Morning Herald, the stock fell from the issue price of $1.60 to $1.35 half an hour after listing. It finished on Monday down 17.5 per cent at $1.32.