How a Wall Street titan issued a storm warning for BNPL - The Australian Financial Review

Morgan Stanley boss James Gorman delivered the frightening forecast about the expansionary mindset that drove the export of buy now, pay later from Australia.

As this year has progressed, sentiment around the sector has only gotten worse. Not only are higher funding costs and rising bad debts posing a terminal threat to BNPLs already thin margins, but the … [+20561 chars]

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