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Regulation is not enough : Afterpay defends the buy now, pay later industry code of conduct, as consumer advocates slam it as toothless

Regulation is not enough : Afterpay defends the buy now, pay later industry code of conduct, as consumer advocates slam it as toothless
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Is Buy Now Pay Later safe and secure? 5 questions answered

Is Buy Now Pay Later safe and secure? 5 questions answered Is Buy Now Pay Later safe and secure? 5 questions answered Monday, 22 February 2021 You’re not alone.  In fact, according to ASIC s 2020 Buy Now Pay Later: An Industry Update report from the 2017-18 financial year to the 2018-19 financial year, the number of active BNPL accounts across six providers grew by 38% (from 2.7 million to 3.7 million).  There was also a large increase in BNPL transactions, too. From June 2018 to June 2019, the number of purchases increased from 1.9 million to 3.4 million (an increase of 75%).  “It’s not surprising that Buy Now Pay Later platforms continue to see an uptick in the amount of customers signing up and making purchases,” Mozo director, Kirsty Lamont says. 

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