SYDNEY - Australia is looking to crack down on the soaring “buy now, pay later” sector over concerns that consumers – especially younger people – are ending up with excessive debts that they cannot repay.
The federal government has signalled that it is considering a range of measures, including requiring that BNPL providers conduct financial checks to ensure that consumers can afford purchases.Get exclusive reports and insights with more than 500 subscriber-only articles every month
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: