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Square to buy Australia's Afterpay for $29b as buy now, pay later booms

Square to buy Australia's Afterpay for $29b as buy now, pay later booms
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

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Digital payment platform Square to buy Afterpay for $29bn

Digital payment platform Square to buy Afterpay for $29bn
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Britain to regulate buy-now pay-later credit after surge during lockdown

Read more about Britain to regulate buy-now pay-later credit after surge during lockdown on Business Standard. BNPL, particularly popular with young people shopping for clothes, is offered by companies such as Clearpay, which is owned by Australia s Afterpay Ltd, Klarna, LayBuy, Openpay and Paypal ....

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Britain to regulate buy-now pay-later credit after lockdown surge

Britain will introduce rules for buy-now pay-later (BNPL) credit after the unregulated market spiked as consumers struggled during coronavirus pandemic lockdowns, the UK's finance ministry said on Tuesday. ....

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Some Banks Want to Consign Credit-Card Interest to History

Updated Jan. 11, 2021 4:49 pm ET
SYDNEY Interest charges have been one of the defining features of credit cards for decades and so when an employee at a big Australian bank suggested getting rid of them, he was taking a risk.
“He said, ‘Well, what about a no-interest credit card?’ ” said Rachel Slade, personal banking group executive at National Australia Bank Ltd. , recalling a feedback session at one of the lender’s Melbourne offices. “And everyone’s like, ‘What? That’s not how a credit card works.’ ”
Worried about dwindling credit-card usage during the coronavirus pandemic and the rapid rise of startups like Australia’s Afterpay Ltd. and Sweden’s Klarna Bank AB that allow consumers to pay for goods in installments, some banks are rethinking what has been one of their most lucrative businesses. ....

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