Clouds are gathering around the interest-free lending sector after US payments giant PayPal flagged a big slowdown in new account additions over its June quarter.
Long regarded as the bellwether business for the growth of online checkout payments among younger generations, the post-lockdown slowdown of the $US354 billion market leader leaves concerns for investors.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
