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RBA Glossary definition for BNPL

BNPL – Buy now, pay later

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Review of Retail Payments Regulation Saurav Dutta, Lien Duong, ...

11 Feb 2020 DOCX 23KB
Payment of cash;. Payment through credit card;. Use “buy-now-pay-later” (BNPL) services. ... Let’s look at the case of Afterpay, an industry leader in the BNPL sector.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/curtin-university.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

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

A non-profit, volunteer organisation, advocating to advance the interests ...

11 Feb 2020 DOC 93KB
BNPL providers should be subject to the same regulations as other payment systems, including prohibition of bans on merchants surcharging users. ... Surcharging. Q16: Is there a case for policymakers to require that BNPL providers remove any no-surcharge
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/queensland-consumers-association.DOC