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Articles for Afterpay

Cost of living crisis: How desperate Aussies on six-figure salaries are now turning to Afterpay to buy groceries and petrol
8 months, 3 weeks ago

Cost of living crisis: How desperate Aussies on six-figure salaries are now turning to Afterpay to buy groceries and petrol

Daily Mail  

The cost of living crisis is now so bad Aussies on six-figure salaries are using Afterpay to buy groceries and petrol because they have maxed out their credit cards, a financial counsellor has revealed. The Consumer Action Law Centre's acting director of financial counselling Claire Tacon said people who had maxed out their credit card were now turning to buy …

Financial Pay Buy Later Centrelink Groceries Living Crisis
Financial counsellors warn Afterpay Plus will trap more vulnerable borrowers in debt
1 year, 2 months ago

Financial counsellors warn Afterpay Plus will trap more vulnerable borrowers in debt

ABC  

Financial counsellors warn Afterpay's new $10 per month subscription scheme will trap more vulnerable spenders in debt. Key points: Afterpay Plus is a monthly subscription which allows shoppers to borrow money, even in shops that don't accept Afterpay Financial counsellors say it will make unregulated credit even easier to access An Afterpay spokesperson says the company maintains rigorous consumer protections …

Financial Credit Debt Pay Cent Plus Afterpay
Reality TV stars take over Afterpay Australian Fashion Week in Sydney
2 years, 7 months ago

Reality TV stars take over Afterpay Australian Fashion Week in Sydney

Daily Mail  

A steady stream of reality TV stars - both past and present - have turned out for this year's Afterpay Australian Fashion Week in Sydney. Making the cut: Leading the guest list on Thursday was former Married At First Sight brides Jules Robinson and Melissa Lucarelli Scarlet woman: Former MAFS bride Jules stepped out in a red velvet jumpsuit with …

Black Sydney Pair Jules Mafs Married At First Sight Brent
Married At First Sight brides flash the flesh at Afterpay Australian Fashion Week
2 years, 7 months ago

Married At First Sight brides flash the flesh at Afterpay Australian Fashion Week

Daily Mail  

This year's Afterpay Australian Fashion Week in Sydney brought out a variety of newly minted reality stars and D-list celebrities. Get waisted: Imogen Anthony attended in a pair of torn jeans, which she wore undone and folded over at the waist Famous friends: She mingled with Selin Mengu, with the two women happily posing together for photos inside the event …

Fashion Black White Ella Pair Wore Mafs
Buy now, pay later services such as Afterpay and Zip can become a debt trap. Here's how not to get caught
3 years, 1 month ago

Buy now, pay later services such as Afterpay and Zip can become a debt trap. Here's how not to get caught

ABC  

Have you racked up a bit of debt with all of that online shopping during lockdown? ASIC's Moneysmart website says you should make sure you include your buy now, pay later payments in your budget, and link any accounts you have to a debit card instead of a credit card so you don't get hit with credit interest. "Remember the …

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Buy now pay later and its financial inclusion scope
3 years, 3 months ago

Buy now pay later and its financial inclusion scope

Live Mint  

US fintech giant Square recently announced an all-stock acquisition of ‘buy now pay later’ leader Afterpay. Launched in 2015 by Afterpay in Australia, BNPL is a way for users to pay later for their e-commerce buys with limited credit checks and a slick payment experience. PayPal is a notable incumbent which launched a pay later product Pay in 4, while …

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How Afterpay went from zero to $39 billion thanks to loyal millennials, powerful lobbyists and the COVID-19 pandemic
3 years, 4 months ago

How Afterpay went from zero to $39 billion thanks to loyal millennials, powerful lobbyists and the COVID-19 pandemic

ABC  

For most global businesses, the COVID-19 pandemic has been nothing short of a train wreck. The $39 billion takeover of buy now, pay later darling Afterpay by US payments giant Square may have seemed unfathomable more than a year ago, when the company's share price tanked at around $8.90. "It turned out, COVID-19 meant e-commerce was about to get a …

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Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay
3 years, 4 months ago

Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay

The Hindu  

Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in the biggest buyout of an Australian firm. "Acquiring Afterpay is a 'proof of concept' moment for buy now, pay later, at once validating the industry and creating a formidable new competitor …

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Jack Dorsey’s Square snaps up Australia’s Afterpay for $29bn
3 years, 4 months ago

Jack Dorsey’s Square snaps up Australia’s Afterpay for $29bn

Al Jazeera  

Australia’s biggest deal highlights the popularity of the buy now, pay later model which has upended traditional credit. Square, the payments firm of Twitter co-founder Jack Dorsey, will purchase buy now, pay later pioneer Afterpay for $29bn, creating a global-transactions giant in the biggest buyout of an Australian firm. “We expect Square will invest heavily to integrate Afterpay and accelerate …

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