800,000 affected as Zip makes $7.5m call - news.com.au

<p>Australian buy now, pay later provider Zip Co is closing its money management app that it acquired for $7.5 million as the embattled sector struggles with ballooning bad debts, rising interest rates and harsher regulations.</p>

The industry has lost billions on the stock market in recent times and players are now scrambling to stem the losses by shutting things down.Australian buy now, pay later provider Zip Co is closing i… [+4170 chars]

full article...