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Australia has become the first country to implement industry standards for the emerging buy now, pay later sector.

Australia has become the first country to implement industry standards for the emerging buy now, pay later sector.

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’...

The S&P/ASX200 index At the closing bell the S&P/ASX 200 index closed 161 points lower to finish at 6,673. Over the week, the market has lost 121 points or 1.8 per cent. Futures market S&P 500 futures are eyeing a dip of 14 points. The Nasdaq futures are eyeing a fall of 98 points. And the ASX200 futures are eyeing a 172 point fall on Monday morning. Economic news Today the Australian Bureau of Statistics published data on business conditions and sentiment for February. The survey data shows that 41 per cent of businesses were significantly impacted by Covid-19 restrictions during the month a...

The Australian share market finished session steep lower on Friday, 26 February 2021, following a global selloff after Wall Street's main indexes tumbled overnight, as a rapid rise in bond yields rattled investor sentiment. At closing bell, the benchmark S&P/ASX200 tumbled 160.76 points, or 2.36%, to 6,673.27. The broader All Ordinaries tanked 165.05 points, or 2.32%, to 6,940.63. Investors monitored bond yields during Friday's session. Overnight, the yield on the benchmark 10-year U. S. Treasury note briefly crossed the 1.6% level to trade at its highest level in more than a year. Yields are...