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RBA Glossary definition for BNPL

BNPL – Buy now, pay later

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Household and Business Finances

8 Apr 2022 FSR – April 2022
BNPL services are generally a form of short-term financing that allow consumers to pay for goods and services in instalments. ... around 15 times larger than BNPL transactions in the December quarter of 2021. …
https://www.rba.gov.au/publications/fsr/2022/apr/household-business-finances.html

The Evolving Retail Payments Landscape

27 Sep 2023 PSB Annual Report – September 2023
The Evolving Retail Payments Landscape | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/the-evolving-retail-payments-landscape.html

The Evolving Retail Payments Landscape

28 Sep 2022 PSB Annual Report – September 2022
Another prominent development in consumer payments in recent years has been the strong growth in purchases made using buy now, pay later (BNPL) services. ... Based on data collected by the Bank from a sample of BNPL providers, BNPL transactions have
https://www.rba.gov.au/publications/annual-reports/psb/2022/the-evolving-retail-payments-landscape.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
The recent emergence of new ways to smooth spending and fund consumer purchases (such as BNPL services) may have also played a role. ... remainder to the BNPL provider in a series of low- or zero-interest instalments.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Abbreviations

8 Oct 2023 PSB Annual Report - 2023 PDF 65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf

The Evolving Retail Payments Landscape

8 Oct 2023 PSB Annual Report - 2023 PDF 716KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/the-evolving-retail-payments-landscape.pdf

The Evolving Payments Landscape

21 Oct 2021 PSB Annual Report – 2021
The customer receives their purchase immediately and the merchant is paid upfront by the BNPL provider. ... BNPL accounts for a relatively small, though growing, share of payments in the Australian economy.
https://www.rba.gov.au/publications/annual-reports/psb/2021/the-evolving-payments-landscape.html

Abbreviations

27 Sep 2023 PSB Annual Report – 2023
BNPL. Buy now, pay later. CBDC. Central bank digital currency. CBL.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html

Payments System Regulation and Policy Issues

27 Sep 2023 PSB Annual Report – September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html

Abbreviations

27 Sep 2022 PSB Annual Report - 2022 PDF 76KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/abbreviations.pdf