Business
Why did the Openpay (ASX:OPY) share price slide today?
The Openpay Group Ltd (ASX: OPY) share price plunged this afternoon. At close of trade, Openpay shares are sitting at $2.49 apiece, down 4.96%.
What was weighing on the Openpay share price today?
In addition to the broader tech share sell-off, the Australian Financial Review recently reported that the buy now, pay later (BNPL) providers have drawn up new standards to regulate the industry. Under the new regulations, credit checks will be more stringent.
This action follows a 2019 senate query into BNPL with the intention to protect customers. With big players like Afterpay Ltd (ASX: APT) involved in the mix, it’s no wonder that the Australian Securities and Investments Commission (ASIC) and Reserve Bank are throwing in 2 cents…
-
Noosa News22 hours agoWhat Halloween decoration is accused of endangering birds? Take the Brisbane Times Quiz
-
Noosa News24 hours agoGold Coast tradie becomes hero after crash-tackling armed robbery suspect at Biggera Waters petrol station
-
General12 hours agoDemography Manifest
-
Business11 hours agoHere’s Warren Buffett’s advice as stocks reach record highs