(Adds details on the stop order in paragraphs 3-5)
May 29 (Reuters) - Australian fintech company Humm Group (HUM) said on Monday an interim stop order issued by the country's corporate regulator restricting it from issuing buy-now-pay-later (BNPL) products to new customers had been revoked.
The interim stop order issued last week against Humm's unit was related to the Australian Securities and Investments Commission's (ASIC) concerns regarding the target market determination for its BNPL products.
Target market determination rules require issuers of BNPL products to consider whether a product aligns with the financial objectives, circumstances and needs of consumers.
"Hummgroup has addressed ASIC's concerns regarding the target market determination for the humm Buy Now Pay Later product," the company said in statement.
The company's BNPL product is again available to new customers following the revocation, it added.
News: HUM UPDATE 1-Interim stop order for Humm's BNPL products revoked
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Last
64.5¢ |
Change
-0.005(0.77%) |
Mkt cap ! $317.6M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.0¢ | 64.5¢ | $626.2K | 966.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 376737 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 15000 | 1 |
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| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| HUM (ASX) Chart |