BNPL dragging Aussies into ‘financial trouble’
More than half of buy now, pay later users surveyed said these platforms caused them to impulse spend.
More than half of buy now, pay later users surveyed said these platforms caused them to impulse spend.
Shares in Afterpay took a tumble on Monday with PayPal’s entrance into the nascent “buy now, pay later” market.
Committee chair, Liberal Senator Andrew Bragg, told The Australian that “consumer detriment is minimal” in the BNPL sector.
Afterpay and QBE led the ASX to losses of 1.8pc at the close, while economists noted a dovish shift from the RBA at its latest meeting.
Credit cards may be on the way out as young Australians in particular flock to a more “attractive” payment method.
Analysts can’t agree on what Afterpay’s likely trajectory is and target prices vary wildly.
The valuation of Australia’s buy now, pay later stocks may seem ludicrous, but they are still just getting started.
Strength in Woolworths and BHP helped the market to hold on to gains at the close, as Fortescue shares rose to new heights.
Shares in tech darling jump past $90 to new high as buy now, pay later pioneer halves its annual net loss to $19.8m.
Afterpay rival Zip Co has booked a disappointing full-year result with higher bad debt expenses and seemingly more to come.
Buy now, pay later giant Afterpay’s sales have doubled as more consumers turn to instalment payments rather than credit cards.
What are some key changes predicted by Morgan Stanley in the next quarterly rebalance of S&P Dow Jones Indices?
Shares finished higher by 0.5pc after setting a five-month high, Afterpay surged 12pc and banks rose more than 4pc.
Shares edged higher by 0.3pc, with tech and retail names outperforming and 28 companies notching new record highs.
Buy now pay later companies were among the winners on the Australian stock market, including Afterpay, which announced an expansion into Europe through an acquisition.
Australia’s tech darling Afterpay is doubling down on its global expansion plans, setting its eyes on Europe.
The aggressive buy now, pay later provider is not showing any signs of slowing down.
Shares in Afterpay hit a new high on Thursday, as tech stocks continued to defy the pandemic.
The company has been among the best performers on the stock exchange in the past year.
The miner still warned it could take two years for global economies to return to their earlier growth track.
Despite hitting new highs the ‘buy now, pay later’ provider is not content with its millennial cachet, according to a new job listing.
Shares closed at the best levels since March 9, as all sectors cheered an extension of government wage support and offshore stimulus.
Selling out of buy now, pay later outfit Afterpay too early is a decision Mark Freeman says he regrets.
Nick Molnar used a life lesson from the last financial crisis to build a payments company that’s become a market darling.
Market darling Afterpay is tipped to become the next $100 stock as it spearheads a fintech bubble on the ASX.
Afterpay says the market responded strongly as it raised $650m via an institutional placement, as part of its $800m capital raising.
There’s something a little unnerving about Anthony Eisen and Nick Molnar selling down just as company has its hands out.
Afterpay shares have hit yet another record after Citi increased its price target by a whopping 137 per cent.
Shares clawed back ground to finish down 0.9pc after a hit from a surge in joblessness, as Afterpay and A2 Milk set new record highs.
This week’s Money Cafe is about muffled market signals as reserve banks buy corporate bonds, the distancing rule that could ruin restaurants and why Afterpay is soaring.
Original URL: https://www.theaustralian.com.au/topics/afterpay/page/11