Nearly 30% of young people use Afterpay type services.  Here's why it's a big deal

Nearly 30% of young people use Afterpay type services. Here’s why it’s a big deal

Buy Now, Pay Later (BNPL) services have radically changed the landscape of personal loans, in large part by being easy to access and charging no interest, thus avoiding national credit laws. During the 2021-22 financial year, according to data from the Reserve Bank of Australia, the number of active BNPL accounts in Australia increased from …

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