Posted in buy now pay later (BNPL)

Buy Now, Pay Later (BNPL) services like Afterpay and Zip have become hugely popular in Australia. They make shopping easy by splitting purchases into smaller, interest-free instalments provided you pay on time.It’s no wonder BNPL is booming. In fact, the value of BNPL transactions in Australia is expected to grow from $17 billion in 2023 to $30.71 billion by 2029.But if you’re planning to buy a home, BNPL could impact your borrowing power. Recent changes to BNPL regulations mean your spen...