Buy | Now Pay Later Australia

About 41% of Australians have used a BNPL service in the last six months.

Users now have access to the Australian Financial Complaints Authority (AFCA) for independent mediation. Market Landscape and Key Players buy now pay later australia

All providers must now hold an Australian Credit Licence (ACL). About 41% of Australians have used a BNPL

Commonwealth Bank's StepPay and NAB's Now Pay Later are gaining ground by offering similar 4-installment structures with the added security of established banking infrastructure. buy now pay later australia

Companies must perform "unsuitability assessments" before approving users or increasing limits.

Adoption is highest among Gen Y (59%) and Gen Z (57%) , while Baby Boomers remain the most skeptical at just 15%.