Is Australia’s Buy Now Pay Later boom at an end?

Several firms promised to disrupt the consumer credit market by offering consumers their purchases instantly and the bill later. Did it work? Get our breaking news email, free app or daily news podcast Afterpay has never turned a profit in Australia. Last month, it spent millions to take over a Sydney Olympic Park arena. The company says Afterpay Arena will be the first venue where Australians can “buy now, pay later” for their event tickets, merchandise, dinner and even alcohol. Continue ...

By Luca Ittimani