Business
Buy now, pay later: Will Afterpay’s shareholders foot the bill? – Sydney Morning Herald
Afterpay provided another masterclass this week in demonstrating why the buy now, pay later outfit is the most polarising stock on the local sharemarket.
In its survey of 1000 respondents conducted last month, UBS found the proportion of BNPL users on the federal government’s stimulus packages – JobKeeper and JobSeeker – was well above that of non-users. In the case of JobKeeper, the BNPL users participating in the survey were 270 per cent more likely to receive the payment.
More worryingly, UBS reported that 60 per cent of the respondents on JobKeeper and 40 per cent on JobSeeker, “believe they would have defaulted” on the BNPL payments had it not…
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