Exploring the impacts of Buy Now Pay Later on Anglicare Tasmania’s financial counselling clients.

This is the first research exploring the impacts of Buy Now Pay Later (BNPL) on Tasmanians accessing financial counselling services, almost all of whom are in financial stress and facing social and economic disadvantage.

This research was undertaken by Anglicare’s Social Action and Research Centre and highlights two problems: inadequate regulation of BNPL and that many people facing social and economic disadvantage are struggling to make ends meet on inadequate income support payments. We also acknowledge the importance of ensuring access to safe, fair and affordable credit options for everyone.