EconomyIs Australia’s buy now, pay later boom at an end?

Australia’s buy now, pay later sector is slowing after rapid expansion. At least eight platforms have exited since 2022, while 2025 reforms requiring credit checks have made instant approvals less appealing. New BNPL account applications fell 35% year on year, though Afterpay, Klarna, PayPal and Zip remain major operators.

Australiabuy now pay laterconsumer credit

TThe Guardian★★☆☆☆2026-08-13 15:00Original