Afterpay will conduct credit checks starting September under new regulatory requirements.
Afterpay, a 'buy now, pay later' provider, will begin conducting credit checks on users under new regulatory requirements, starting in September. The change will affect both new and existing users, as the sector falls under the Credit Contracts and Consumer Finance Act. Afterpay, which allows users to purchase goods and services in four interest-free instalments, believes the impact on its business and users will be minimal.
July 14, 2024
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