Key Points

• The Buy Now Pay Later sector has been scrutinised in a first-of-its-kind study out of the University of Sydney Business School.
• The study has found a significant proportion of consumers using products such as Afterpay and Zip are high-risk borrowers, more vulnerable due to the largely unregulated nature of these services.
• The University of Sydney's research found that users with multiple accounts were more likely to have more personal loans, higher credit card use and are often from a lower socioeconomic area.