Buy now, pay later providers such as Afterpay and Zip may soon have to hold credit licences and ensure their customers can afford their services under new regulations introduced by the federal government.
Believe it or not, this is a good thing for established players. They have the resources to comply with regulation, and it stops new competitors gaining traction.
Believe it or not, this is a good thing for established players. They have the resources to comply with regulation, and it stops new competitors gaining traction.
True, although I’d say the regulation is needed nevertheless.