Black Friday updates and RBA green light
There have been two significant events for the buy now, pay later (BNPL) sector in recent weeks. The first was the announcement of Black Friday sales results from a number of companies, which is now almost as big as Boxing Day in Australia. The second was some commentary from the RBA on the charging practices of the industry and the possible need for regulation.
What do these pieces of news mean for the sector? And what do the latest valuations and price performance look like?