FinanceMagnates
The Australian Securities & Investments Commission (ASIC) has mandated that Buy Now, Pay Later (BNPL) platforms obtain credit licences. Effective 10 June 2025, the credit licence must authorise BNPL providers to engage in credit activities as credit providers, subject to transitional arrangements.The new provision was announced today (Friday…
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Australian BNPL Providers Must Obtain Credit Licence
Arnab Shome
06:25
The Australian Securities & Investments Commission (ASIC) has mandated that Buy Now, Pay Later (BNPL) platforms obtain credit licences. Effective 10 June 2025, the credit licence must authorise BNPL providers to engage in credit activities as credit providers, subject to transitional arrangements.The new provision was announced today (Friday…
