Overhaul Needed for BNPL as Losses Mount up to US$ 5.2 Billion in APAC

Despite phenomenal growth, current buy now, pay later (BNPL) models are showing to be rather unprofitable. Quinlan and Associates, an independent strategy consulting firm, estimates that in Asia-Pacific (APAC), the largest BNPL firms, including Australia’s Afterpay and Japan’s Paidy, are