Last year, Buy Now, Pay Later was marching on as an alternate payment method, with take-up by both retailers and consumers accelerating. Fast forward to 2020, and it’s now considered essential by consumers and small businesses, writes Grant Arnott, Managing Director of Power Retail. Power Retail, the number one resource for Australian Online Retail Industry… Read more »
Australians are cancelling their credit cars in favour of Buy Now Pay Later payment options according to research by comparison site mozo.com.au
Catch up on today’s headlines as we break down the news small business owners need to know on Friday, October 18, 2019. ATO warns taxpayers to lodge before October 31 deadline The Australian Taxation Office (ATO) is calling for people to lodge their tax returns by the October 31 deadline or miss out on refunds.… Read more »
Launched just one month ago, buy now pay later option, LatitudePay has increased the scope of its offerings to include eight new partnerships with major retailers. The payment platform allows customers to make ten weekly payments with no interest. The new partners include leading national retailers Forty Winks, Prouds, Angus & Coote, Goldmark, Zamel’s and… Read more »
Missed today’s headlines? Here’s the news that small business owners need to know on October 4 2019. Property investment confidence high A new survey has found property investors are far more positive about the market than a year ago, despite the largest real estate downturn in twenty years. The 2019 Property Investment Professionals of Australia’s Property… Read more »
Taking a leaf out of the buy now pay later models so popular with consumers, fintech Moula has launched a new service, Moula Pay which will allow merchants to offer their small business customers affordable payment terms for goods and services up to the value of $250,000.
Research by Roy Morgan has found over 1.5 million Australians are now utilising ‘buy-now-pay-later’ to fund their purchases. Millennials and Gen Z are the heaviest adopters of the service. In the twelve months to January 2019, 1.59 million Australians opted to take advantage of buy-now-pay-later services. Millennials make up the lion’s share of users, accounting… Read more »
A new report by Power Retail has revealed Buy Now Pay Later (BNPL) services which launched in the Australian market in 2015 are exploding in popularity. The report suggests retailers who ignore BNPL do so at their peril. The ‘Buy Now, Pay Later – Fad or Future?’ report surveyed 5,000+ retailers and consumers across Australia to discover… Read more »