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RBA Glossary definition for BNPL

BNPL – Buy now, pay later

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31 January 2020 Head of Payments Policy Department Reserve ...

11 Feb 2020 PDF 406KB
Our organisations have previously documented the financial harm caused by BNPL providers.1. ... Financial counsellors also rated BNPL companies’ hardship policies as worse than banks (both.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/choice-et-al.pdf

Financial Stability Review April 2019

10 Feb 2020 FSR April 2019 PDF 3192KB
https://www.rba.gov.au/publications/fsr/2019/apr/pdf/financial-stability-review-2019-04.pdf

About the Payments System Board

27 Sep 2022 PSB Annual Report - 2022 PDF 554KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/about-the-payments-system-board.pdf

Payments System Regulation and Policy Issues

27 Sep 2022 PSB Annual Report - 2022 PDF 318KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/payments-system-regulation-and-policy-issues.pdf

19 February 2020 Tony Richards Head of Payments Policy ...

19 Feb 2020 DOCX 95KB
Q16: Is there a case for policymakers to require that BNPL providers remove any no-surcharge rules, consistent with earlier actions in regard to card systems that applied such rules? ... Cuscal understands the benefit that appropriate BNPL services can
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX

Summary

11 Feb 2020 DOCX 175KB
Q16: Is there a case for policymakers to require that BNPL providers remove any no-surcharge rules, consistent with earlier actions in regard to card systems that applied such rules? ... ANZ supports the consistent application of this framework to all
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX

1 7 February 2020 Dr Tony Richards Head of ...

11 Feb 2020 PDF 269KB
products, and other BNPL providers offering payment solutions for less frequent higher value. ... mobile apps7. AFIA’s members include BNPL providers, credit card issuers (i.e.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/australian-finance-industry-association.pdf

Bulletin March Quarter 2020

26 May 2020 Bulletin - March 2020 PDF 5308KB
https://www.rba.gov.au/publications/bulletin/2020/mar/pdf/bulletin-2020-03.pdf

AFIA submission to RBA - Review of Retail Payments Consultation Paper

2 Sep 2021 PDF 391KB
Submissions to the Review of Retail Payments Regulation Consultation Paper
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/afia-2021-08-18.pdf

Email: mangala.martinus@paymentsconsulting.com Office: +61 2 8069 2630 Mobile: +61 ...

11 Jul 2021 PDF 188KB
of the purchases being made, and the BNPL provider takes on the risk, including fraud and customer late payments. ... However, unlike with accepting credit card payments, merchants are generally prohibited from adding a surcharge to BNPL payments.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation-may-2021/payments-consulting-network-2021-07-11.pdf