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Why Buy Now, Pay Later Can Cost Much More Than a Credit Card

“Buy now, pay later is often touted as a cheaper alternative to credit cards, but new research shows these platforms can actually end up costing more. BNPL platforms such as Afterpay, Humm and Zip Pay have quickly become a mainstream product in recent years, helping Australians pay for everything from groceries to child care. With the rising […]
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BNPL Service Set to Change in Australia – All You Need to Know

“Buy-now-pay-later companies have had a rollercoaster ride since they rose to power during the early days of the pandemic. After quickly garnering public attention, BNPL firms came under the scanner for the lack of regulation seen in the sector…Minister Jones highlighted that BNPL services should be considered a part of the credit ecosystem as they […]
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Central Banks Face Key Decisions on Digital Currency, Says BIS

“Central banks will have to make “fundamental” decisions on cross-border access for a digital version of their currency to serve as a means of payment effectively, a committee at the Bank for International Settlements said on Monday. “Central banks must make critical choices on the access of non-residents and foreign financial institutions to central bank […]
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Paxos Leads Digital Asset Industry by Becoming First Issuer to Disclose Full Monthly Reserve Holdings Backing USDP and BUSD Regulated Stablecoins

“Paxos, the leading regulated blockchain infrastructure platform, has disclosed the specific financial instruments backing its regulated stablecoins USDP and BUSD. Moving forward, Paxos will provide these detailed disclosures on a monthly basis in addition to its attestations. These reports provide the CUSIP of all instruments backing USDP and BUSD, showing that Paxos only backs its […]
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The Pros and Cons of Using Buy Now, Pay Later for Travel Expenses

“Buy now, pay later services are an increasingly popular way to purchase products online. These services often target young shoppers through social networks and promote the ability to purchase products like clothing or makeup via a small down payment followed by installment payments to cover the difference. But it’s not just physical stuff that you […]
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Subscription Economy Growth Steadies as Consumers Moderate Spending (UK)

“The subscription economy, which saw huge growth during the pandemic, has started to slow, falling victim to the impact on consumer spending habits of the cost of living crisis. Research by Barclaycard Payments finds that, on average, businesses offering subscriptions estimate nearly two fifths (36%) of their revenue has been generated from these sales over […]
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Buy Now, Pay Later Services May Be Getting Some Americans Deep Into Debt

“Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the cost of big-ticket purchases. But now, rising prices have some cash-strapped shoppers reaching for these alternative payment methods for everyday purchases, such as their daily coffee, gas station fill-up or grocery run, as well. That’s a concern for economists and consumer […]
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Australian BNPL Firm Openpay Hits Pause on U.S. Market as Interest Rates Climb

“Openpay Group, an Australian buy-now-pay-later (BNPL)firm, has halted operations in the United States four months after describing it as its main growth market, the latest casualty among consumer finance startups as rising interest rates bite. Investment in an “Americanised” platform caused Openpay’s losses to widen 65% in the first half and the company had wanted […]