Finder makes money from featured partners, but editorial opinions are our own.

Podcast: The rise of buy now pay later


Pocket Money 208 Buy Now Pay Later

Welcome to the world of interest-free finance.

Listen on Spotify Image: SuppliedListen on Apple Podcasts Image: SuppliedPocket Money podcast episode 205 How to make a good budget with Lisa Montgomery

The way we pay for things is changing fast.

When it comes to consumer finance, the credit card has been on the top of the pack for years. Recently, the tides have begun to shift.

Buy now pay later is a new approach to cash flow management and leading companies like Afterpay, Zip and Klarna are attracting millions of customers across the globe.

Almost 2 million Australians had used buy now pay later services according to some research released by Roy Morgan in November last year. Young Australians are the most likely to shop with buy now pay later, with nearly 56% of customers between 14 and 34 years old, with those in the 25–34 range making up 33.5% of all users.

This new industry is not devoid of criticism. Some players have been critiqued for fostering poor budgeting habits, especially among young people. These services also fall outside of regular credit and financial regulation, which led to a Senate inquiry and involvement by ASIC.

To talk us through the ins and outs of this world, we're joined this week by Jonathan Kelly, the chief growth and innovation officer for Flexigroup. Kelly and Sally discuss the origins of this innovative new financial technology, why consumers are so keen and why he thinks the days are numbered for credit cards and frequent flyer points.

Presented by bundll – the buy now pay later app that works for everything, anywhere Mastercard is accepted. Two weeks to pay, interest-free. Shop online or in-store securely using bundll through Apple Pay and Google Pay.

Mentioned in this episode

Read the transcript of this episode

The Finder Pocket Money podcast is intended to provide you with tips, tools and strategies that will help you make better decisions. Although we're licensed and authorised, we (and our guests) aren't providing any form of financial or legal advice. So please consider your own situation and get proper advice about your individual circumstances before making any decisions based on anything on our show. Thanks for listening.

Have questions for the Pocket Money crew? Want to suggest a future episode idea? Hoping to speak with other curious young adults sorting through their lives and their money?

Pocket Money is hosted by Sally McMullen and Kate Browne, produced and directed by Franko Ali, with editing and theme music from Brianna Ansaldo of Bamby Media. (ACL 385509. CAR 432664) is Australia's most popular comparison site. We like to help, and while we understand that our podcast provides information, insight and entertainment, it's not personal advice. Consider your own circumstances and get advice before you make any decision based on our general comments and commentary.

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site