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Payments

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Afterpay targets US growth as it raises $1.25b

Afterpay targets US growth as it raises $1.25b

Afterpay chief Anthony Eisen says acquiring a bigger share of its United States subsidary for almost $600 million is a major win for the buy now, pay later juggernaut.

  • by Clancy Yeates

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‘We’ll do the right thing’: Tyro assures customers as it trims losses

‘We’ll do the right thing’: Tyro assures customers as it trims losses

Payments technology company Tyro is giving customers a back-up solution to ensure they are not left stranded by any future outages

  • by Cara Waters
Afterpay calls for payment regulation shake-up

Afterpay calls for payment regulation shake-up

Afterpay chief executive Anthony Eisen is pushing for the Reserve Bank to be stripped of its powers to unilaterally regulate emerging payment firms such as buy now, pay later operators.

  • by Clancy Yeates
More customer checks on cards as Afterpay, Zip caught in UK crackdown

More customer checks on cards as Afterpay, Zip caught in UK crackdown

Rapid growth in buy now, pay later (BNPL) providers is putting consumers at risk of financial harm, an official review in Britain has found, calling for urgent regulation of the sector.

  • by Clancy Yeates
Italian job: Buy now pay later challenger Scalapay raises $63 million

Italian job: Buy now pay later challenger Scalapay raises $63 million

Australian buy now pay later players are setting their sights globally, with challenger Scalapay raising $US48 million ($63 million) to fund its European expansion. 

  • by Cara Waters
Cyber attack could bring down entire financial system: IMF

Cyber attack could bring down entire financial system: IMF

Researchers have warned of recession-level impacts from cyber attacks on the financial system, saying more needs to be done by regulators and the industry.

  • by Shane Wright
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Afterpay and co have a reprieve but RBA decision comes with a warning
Opinion
Opinion

Afterpay and co have a reprieve but RBA decision comes with a warning

The RBA didn’t rule out the prospect of reversing its decision on merchant surcharges somewhere down the track.

  • by Elizabeth Knight
Afterpay surcharge unlikely, says RBA

Afterpay surcharge unlikely, says RBA

The Reserve Bank says it is unlikely to recommend changes to rules that prevent retailers from surcharging customers who use buy now, pay later schemes like Afterpay and Zip.

  • by Colin Kruger
Has the pandemic made Bitcoin mainstream?
Opinion
Bitcoin

Has the pandemic made Bitcoin mainstream?

The cryptocurrency is gaining wider acceptance, moving from a speculative plaything for millennials to a financial asset of interest to some conventional investors.

  • by Stephen Bartholomeusz
Flexigroup joins the banking rush

Flexigroup joins the banking rush

Two years after Rebecca James joined Flexigroup as its chief executive, she says the buy now pay later group is finally ready to make its bet on the sector pay off.

  • by Colin Kruger
Why Afterpay thinks two CEOs are better than one

Why Afterpay thinks two CEOs are better than one

Nick Molnar's return to the chief executive role at Afterpay this week, alongside Anthony Eisen, shows that the founders of the $29 billion buy now, pay later juggernaut remain in the driver's seat as it faces ferocious competition across its key markets.

  • by Colin Kruger