Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Is Australia’s Buy Now Pay Later boom at an end?
Business & Finance

Is Australia’s Buy Now Pay Later boom at an end?

The Guardian World Thursday 13 August 2026, 15:00 UTC By Luca Ittimani 1 min read
Key Points

Several firms promised to disrupt the consumer credit market by offering consumers their purchases instantly and the bill later. Did it work?Get our breaking news email, free app or daily news podcastAfterpay has never turned a profit in Australia. Last month, it spent millions to take over a Sydney Olympic Park arena.

Several firms promised to disrupt the consumer credit market by offering consumers their purchases instantly and the bill later. Did it work?

Afterpay has never turned a profit in Australia. Last month, it spent millions to take over a Sydney Olympic Park arena.

The company says Afterpay Arena will be the first venue where Australians can “buy now, pay later” for their event tickets, merchandise, dinner and even alcohol.

Continue reading...
Australia (LOCATION) Sydney Olympic Park (LOCATION) Afterpay Arena (ORG) Australians (ORG)
Originally published by The Guardian World Read original →

Related Stories

This JCB doesn't dig – it does 406 mph

A JCB has set a new world land speed record, passing 406 mph (653 kph) at Utah's Bonneville Salt Flats. The JCB in question isn't a digger or a dumper, but a hydrogen-powered racer known as the JCB Hydromax, driven by retired Royal Air Force fighter pilot Wing Commander Andy Green. It set the record for the fastest a hydrogen-powered internal combustion car has ever travelled, averaging 406.320 mph (653.909 kph) across two runs at the salt flats this week.

The Register 9m ago

US flags dozens of trade partners as risks for aiding tariff evasion

US flags dozens of trade partners as risks for aiding tariff evasion The trading partners flagged include India, Japan, South Korea, Vietnam and Singapore. The Trump administration flagged dozens of United States trading partners on Thursday (Aug 13) as potential risks in aiding Chinese tariff evasion, vowing to tap artificial intelligence to help detect illegal practices in the future. Among those named are the European Union, alongside US neighbours Mexico and Canada.

Channel News Asia 21m ago

Explosion at Europe's largest port kills one, injures six as investigators probe cause

A blast at a petroleum storage facility in the Netherlands' Rotterdam port killed one person and injured six others on Thursday, with authorities investigating the cause of the explosion. The blast occurred at around 11.30 am local time during maintenance work on a storage tank operated by energy commodities trader Gunvor. A company spokesperson described it as an “incident” and said Gunvor was cooperating with authorities.

Times of India 27m ago

Stocks rise and interest rates fall after inflation report

Stocks rose and bond yields fell sharply Thursday morning after a fresh read on business inflation showed prices were broadly flat in July. The report fueled optimism on Wall Street that the Federal Reserve may hold off on raising rates this year, after all, even as inflation remains stubborn. “The July report supports arguments for the Federal Reserve to maintain its current policy stance as inflation pressures show tentative signs of moderating,” PNC Financial senior economist Kurt Rankin...

NBC News 36m ago