Afterpay raises credit limits to $4,000 for eligible Australian consumers ahead of stricter credit checks.
Afterpay, a BNPL company, raises credit limits to $4,000 for eligible consumers in Australia, as it prepares for stricter regulatory credit checks. The increase responds to consumers shifting from credit cards to BNPL products and aims to adapt to upcoming federal government regulations. Afterpay's Head of Policy, Michael Saadat, states there has been no significant increase in signs of financial stress.
April 07, 2024
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