Is Australia’s Buy Now Pay Later boom at an end?

Several firms promised to disrupt the consumer credit market by offering consumers their purchases instantly and the bill later. Did it work?

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Afterpay has never turned a profit in Australia. Last month, it spent millions to take over a Sydney Olympic Park arena.

The company says Afterpay Arena will be the first venue where Australians can “buy now, pay later” for their event tickets, merchandise, dinner and even alcohol.