Business
Afterpay looks to new paths to profit – The Australian Financial Review
Afterpay co-founder Anthony Eisen says Afterpay can build on the trust it has established with its enormous user base.
While the report found many users were struggling with repayments and that there was consumer harm, ASIC said it trusted the sector to self-regulate.
“It’s never been a point about avoiding regulation,” Mr Eisen said. “One hundred per cent, customer harms need to be protected.”
He praised the regulator for pursuing what he called a “fit for purpose” approach in overseeing the fast growing industry, and for recognising that Afterpay was differentiated from the broader sector.
Mr Eisen, who said at…
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