Intersting article on the ABC news in regards to BNPL companies and those calling for regulation. The most interesting part is that APT responded to requests for interview but Z1P did not. APT was also very supportive of some form of regulation. I think there are some assumptions being made by the story teller in regards to a user being able to hock them selves to the eye balls with APT.
APT monitors a user’s account and if they are up to date with their payments they have the option to have multiple orders running simultaneously. In the case that an account holder has overdue payments or too many scheduled payments, APT will provide reasons why they declined their application.
Pretty ethical to me and as far as trying to explore loop holes........see what you think.
https://www.abc.net.au/news/2020-01-18/buy-now-pay-later-food-purchases-worry-consumer-advocates/11873572?section=business
Cheers
Peter
Intersting article on the ABC news in regards to BNPL companies...
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