After a meteoric rise during the post-pandemic economic boom, the air has started to come out of the buy-now-pay-later (BNPL) market.
The latest company to feel the pressure of a sluggish economy and high interest rates is Laybuy, which announced on Monday it was appointing receivers.
Today tech Giant Apple announced it was shutting down Apple Pay Later, just months after it launched.
Grant Halverson is the CEO of McLean Roche Consulting based in Australia, and a long time critic of the BNPL industry.
He joins Emile Donovan.
Photo: Pixabay
