Because BNPL accounts are now visible to credit bureaus, missed payments can directly lower your credit score. Some banks even require customers to close BNPL accounts before approving home loans.
Adoption is highest among Gen Y (59%) and Gen Z (57%) , while Baby Boomers remain the most skeptical at just 15%. buy now pay later australia
Buy Now Pay Later (BNPL) has transformed from a niche fintech experiment into a cornerstone of Australian retail. As of early 2026, the market is projected to reach approximately , despite facing the most significant regulatory shake-up in its history. The Big Shift: Regulation is Here Because BNPL accounts are now visible to credit
Companies must perform "unsuitability assessments" before approving users or increasing limits. buy now pay later australia