Business
Aussies are ditching credit cards, buy now pay later eats market share – NEWS.com.au
Aussies are ditching credit cards, buy now pay later eats market share
Australians have driven down their credit card debt during the pandemic, with some using their superannuation early release money to pay it off, while increasingly popular buy now pay later options have eaten into market share.Reserve Bank of Australia figures released on Monday showed balances accruing interest on credit and charge cards totalled $22.5 billion in July, down 26.3 per cent over the year.
At the same time, the number of credit card accounts plunged by 1.4 million, showing some pe…
-
General16 hours agoAmbulance response times sluggish despite Tasmanian ramping ‘ban’ promise
-
General22 hours agoEnergy chiefs say net zero ‘irreversible’ even though bills unlikely to fall ‘for a decade’
-
Business12 hours agoWhat it means for shareholders
-
Noosa News13 hours agoBrisbane’s new bus timetable sees journey times decrease by two minutes in first three months