Is Australia's Buy Now Pay Later boom at an end?

Australia's Buy Now Pay Later (BNPL) sector, led by companies like Afterpay, promised to revolutionize consumer credit by allowing instant purchases with deferred payments. However, despite aggressive expansion efforts—including Afterpay's costly investment in renaming Sydney Olympic Park's arena—the industry has struggled to achieve profitability, raising questions about the sustainability of the BNPL boom.