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Buy now, pay later app Openpay has gone into administration nine months after it stopped customers from making purchases, leaving serious concerns about the future of such services.

New zealandStephen jonesSimon cathroBarry koganRob smithJonathan henryOpenpay group ltdInvestments commissionCathro partners ptyPartners pty limitedAustralian securitiesOpenpay groupMicrosoft teamsReserve bankTreasurer stephen jones