Buy now, pay later services have rapidly increased since entering the Australian market in 2015; however, growth has further accelerated during the pandemic as more and more consumers have revelled in the flexibility and convenience of an interest-free payment plan option – an attractive and progressive alternative to a credit card.

This report uncovers the current financial behaviours of Australians, and identifies who the main users of buy now, pay later solutions are and what the market is doing to promote these services.

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