Why 'buy now, pay later' stocks fell in 2021, and what's in store
- Written by Angel Zhong, Senior Lecturer in Finance, RMIT University
Buy now, pay later (BNPL) companies were among the stock market darlings of 2020 – and nowhere more than in Australia, the birthplace of pioneering companies Afterpay and Zip Co. There are 15 BNPL companies listed on the Australian Securities Exchange (ASX), more than any other exchange in the world.
But if you took a punt and bought shares...
Read more: Why 'buy now, pay later' stocks fell in 2021, and what's in store