It’s no secret that times are getting tough for BNPL. As the US continues to tip toward recession and global interest rates rise, it’s not unlikely that a spate of BNPLs will have to shut up shop, or seek safety in M&A activities. Add to that the threat of Apple’s super-sized entrance into the market, and it’s not hard to
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The cost of living is rising around the globe at crisis levels, and analysts have the likelihood of a US recession at 30%. These are grim times to be a consumer. With these forces pressuring consumers’ wallets in the extreme, these would also seem to be grim times to be a BNPL. Why? Because conventional wisdom says that rising interest
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Would you look at that! NAB becomes the latest bank to give in to the BNPL tidal wave. If you can’t beat BNPL with outdated high-interest credit cards, why not join the fray? NAB’s tilt at the BNPL market could be called a cynical play by an established bank to gather coveted Gen Z customers before they jump ship to
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Much is being made in the media at the moment about the so-called ‘death of BNPL’, with stories being pushed to make it look like the sector is in trouble. One pervasive story is that losses are ‘ballooning’, and there is little growth to come in the sector. The notion that BNPL is overvalued and overhyped is not new. Detractors
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Looking to invest in crypto? There are a few things to consider first. With the sector taking off, it’s enticing to just jump in, but there’s more to crypto than meets the eye. As such, a bit of research is warranted prior to investing your hard-earned cash into digital currency. To start with, you might want to pick out an
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As many Aussies know, simply leaving your savings in a bank account just doesn’t cut it anymore if you’re looking to make a return. With interest rates at all time lows (though this may change soon), you’re unlikely to make any extra cash on the money you’ve got saved. Enter: Crypto savings accounts. With interest rates of up to 7%,
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Australia is backing the crypto horse, with the government considering new legislation to regulate the sector. The Australian journo Eric Johnston has termed the move “make or break” for crypto and web3 in Australia. By regulating the technology, we would be one of the few jurisdictions to do so, and the government would have to be careful to keep its’
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We’ve written in the past about the concern of consumer groups potential risks of Buy-Now-Pay-Later (BNPL) use. We believe this risk is often overstated and the positive effect BNPL is having on consumers, under-appreciated. Recently BNPL was once again in the crosshairs of consumer groups in an article by CHOICE ‘Buy now, pay later providers moving into the data business’.
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NAB has gone back to their old ways (prior to the Hayne royal commission, that is). Internal NAB documents seen by the SMH paint a picture of a revenue machine, where bankers are incentivised to sell harmful products like credit cards. Bankers must achieve these revenue-driven targets to be promoted to higher paid jobs, or may even be terminated if
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On Wednesday, U.S. President Joe Biden signed an executive order calling on the government to examine the risks and benefits of cryptocurrencies. The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation. The announcement also declared the Biden administration wants to explore a digital version of the dollar, which shows
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