Business
RBA still mulling tighter rules for Afterpay, Zip as sector booms – Sydney Morning Herald
The Reserve Bank is inching closer to changing the surcharge rules for the buy now, pay later sector.
Analysts have debated the extent to which any action by the RBA on surcharging will affect Afterpay and rivals such as Zip Co. The RBA cited a 2019 consumer survey that found if BNPL payments attracted a surcharge, about half of respondents said they would use another payment method, 40 per cent said they would pay the surcharge, and 10 per cent said they would cancel the purchase.
The article said BNPL payments processed had jumped to more than $9 billion in 2019-20, with larger players experiencing…
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