Until recently, Buy Now Pay Later services have flown under the radar in terms of regulation. They have not typically been considered “credit” and so have been exempted from laws that apply to credit cards and personal loans.

But with this space worth A$14.3 billion to Australia’s GDP in the most-recent financial year  ̶   and with user debt also a concern  ̶   should there be more regulatory scrutiny on this booming micro-credit industry?