Buy now, pain later: the layby movement’s existential crisis

Peter Griffin
Thu, 09 Jun 2022

Buy now, pain later: the layby movement’s existential crisis
(Image: Getty)
Peter Griffin
Thu, 09 Jun 2022
They started out with the worthy goal of disrupting the credit card companies and taking a digital-first approach to paying debt that better suits the needs of millennials.But the buy now, pay later (BNPL) market, dominated by the likes of Affirm, Klarna, Afterpay and New Zealand-founded Laybuy, is facing major headwinds as the cost-of-living crisis sees consumers tightening their belts and rising interest rates eat into margins.High-growth tech stocks have taken a hammering across the board this year, but the BNLP players have witnessed a deva...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.