• Afterpay is moving into buy now, pay later’s answer to short-term loans.
• The $36 billion company will allow customers to retrospectively convert purchases into BNPL transactions as part of its new Money app.
• It will essentially ‘spot’ customers up to $200 per week, with Afterpay to charge late fees on missed fortnightly repayments.

Afterpay will ‘spot’ customers $200 as it takes on payday lenders directly https://www.*.com.au/money-by-afterpay-retro-feature-cash