Zip signage is seen on a storefront in Sydney, (AAP Image/Derek Rose) NO ARCHIVING Source: AAP / DEREK ROSE
Millions of Australians use the AfterPay scheme, buy now pay later which can lead to unpaid debt. The federal government announced the scheme would soon be treated as a credit product.
Millions of Australians use the AfterPay scheme, buy now pay later which can lead to unpaid debt. The federal government announced the scheme would soon be treated as a credit product.
Over the past five years there has been an explosion of buy-now pay later schemes, which was accompanied by unpaid debt.
More than seven million Australians hold accounts.
A 2022 report from women's advocacy group Good Shepherd found the groups most at risk were young people, single parents, and women.
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