Buy Now Pay Later in Australia has moved into a new era, with the sector’s products now regulated by credit laws.

It means customers signing up for products like Afterpay will now have to answer questions about their finances and have their credit history checked before they can pay in four instalments.

Michael Saadat, International Head of Public Policy at Block, the owner of Afterpay, talks to Sean Aylmer about how the changes work, and why they welcome the tailored regulation of the industry.

Buy Now Pay Later in Australia has moved into a new era, with the sector&rsquo;s products now regulated by credit laws. It means customers signing up for products like Afterpay will now have to answer questions about their finances and have their credit history checked before they can pay in four instalments. Michael Saadat, International Head of Public Policy at Block, the owner of Afterpay, talks to Sean Aylmer about how the changes work, and why they welcome the tailored regulation of the industry.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Interview: Why Afterpay welcomes this week's BNPL reform

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/72f22570-218e-4d2e-8cc6-b2fa00c88779/transcript

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