BNPL

Buy-now-pay-later products look like credit, act like credit and carry the risk of credit, so they should be subject to the same regulatory scrutiny as credit products, the financial services minister said.

ASX overcomes BNPL sell off, Afterpay tanks, Praemium jumps The ASX 200 (ASX: XJO) finished 0.3% higher on Wednesday, overcoming a significant sell off in the technology sector. The tech sector fell 2.7% for the day, with a 9.6% fall in Afterpay Ltd (ASX: APT) pulling the entire market down by 10 points. The sell-off came after a double…

Buy-now-pay-later (BNPL) Zip Co Ltd (ASX: Z1P) shares have been the most traded on the ASX in recent weeks (again) according to Commsec data. After reaching highs of close to $15, the current Zip share price represents a discount of nearly 50 per cent. Could now be a good time to pick some Zip shares? Why optionality…

This year has brought on a flurry of initial public offerings (IPOs) ranging from new tech start-ups to BNPL platforms. There have been 51 new floats so far, with another 35 to come before the end of July. There were 27 listings in the last two months alone. The total figure for 2021 looks at this…

Shares in buy-now-pay-later (BNPL) Zip Co Ltd (ASX: Z1P) have been trading relatively flat despite recently providing the market with further details on its European and Middle Eastern expansion plan. Zip’s shares are up just short of 100% over the past 12 months, but still down 51% from their lofty highs reached earlier this year. Z1P share price Expansion…

ANZ Bank – 218% profit increase ANZ shares were lower after delivering a slight “miss” on earnings. ANZ’s cash profit rose 218%, to $2.99 billion, which came in at below expectations, but the dividend was better-than-expected. Management declared a 70 cents-a-share dividend, up from 25 cents a year ago, and just below the pre-pandemic final…

This year continues to deliver bumper IPOs one after the other, as companies tap both the local and US markets to raise capital at an opportune time. In total, the Australian Securities Exchange (ASX) recorded 113 new listings last year, totalling roughly $5.2 billion. On a global scale, markets raised almost $300 billion through floats…

May is shaping up to be one of the most important months for dividend-focused Australian investors, with bank reporting season beginning on May 3, with Westpac’s interim result. The unexpected strength of the sector was brought to light this week after two of the three main ratings agencies upgraded their views on the sector, on…

Market volatility up as ASX finishes flat, Zip Co jumps 17%, Cleanaway’s new deal The ASX200 (ASX:XJO) finished flat for the day with gains in the IT sector, which was 2.2% higher, insufficient to offset weakness across cyclical businesses including energy, -0.7%, and utilities, -1.1%. The standout by far was Buy Now Pay Later firm Zip Co (ASX:Z1P) which…

It was only a matter of time before the big four banks joined the buy-now, pay-later (BNPL) party. CBA recently unveiled its new BNPL offering. It can be used anywhere that debit and credit card payments are accepted and will start its rollout to eligible CBA customers from mid-2021. CBA says: “the new BNPL links…