In Depth: Rise of Australia's Afterpay Puts Spotlight On 'Buy Now, Pay Later' Regulation

Intense scrutiny in Australia on a surge in firms offering interest-free “buy now, pay later” products at the point of sale is shaping up as a test case for if or how the burgeoning sector should be regulated, as a titan of the industry kicks off its global expansion.

The products, which make the bulk of their revenue through merchant fees, have become so ubiquitous in Australia that they have been blamed for a dip in credit card use and had accumulated outstanding balances worth A$903m (USD$647m) as of June.

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