Business
Is buy now, pay later (BNPL) giving Aussies a headache? // Motley Fool Australia
The buy now, pay later (BNPL) sector is probably one of the most dramatic success stories on the ASX over the past few years. You only have to go back a few years, and the whole BNPL idea was one of relative obscurity.
Sure, investors were starting to notice a small company called Afterpay Ltd (ASX: APT), but you’d probably be unlikely to find too many people predicting that BNPL was about to become a mainstream concept.
Fast forward to 2020 and it’s fairly obvious BNPL is here to stay. Not only has Afterpay spent the last few years making a bevvy of investors extremely wealthy (the Afterpay share price is up 200% in 2020 alone), but it has been joined by a small army of BNPL/payments/fintech competitors.
These include Zip Co…
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