RBA recommends regulation of buy now pay later sector

By Heidi Heck · 26 October 2021 · News

RBA recommends regulation of buy now pay later sector

RBA Makes Shock U-Turn on Buy Now Pay Later Rules

The Reserve Bank of Australia has unexpectedly changed its stance on the buy now pay later sector. What does this mean for your wallet and the future of BNPL?

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Summary

RBA backflips recommendation on buy now pay later "no-surcharge rules" that would see retailers able to pass BNPL costs to customers.