Buy now, pay later benefits to merchants ‘outweigh costs’, RBA chief says – NEWS.com.au

The insistence of buy now, pay later providers that merchants dont pass on the cost of their service to consumers looks set to remain for some time, the head of the Reserve Bank has indicated.The BNPL sector is rapidly growing and proving an attractive alternative to credit cards, usually allowing shoppers to make an initial payment with the rest paid off through instalments, and while little or no interest is charged, late fees can apply if a payment is missed.
It leaves merchants largely carrying…

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