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Finance

Australia's 'shop now, pay later' giant faces regulatory scrutiny

Afterpay woos millennials with bite-size scheduled payments

Customers pay just a quarter of the bill at the time of purchase, with the rest automatically withdrawn from a bank account in three successive biweekly installments. (Photo by Fumi Matsumoto)

SYDNEY -- Australia's Afterpay Touch Group, a market darling of 2019, has seen its stock price down 25% in the past week following speculation that its business model of buy now, pay later may come under more regulatory scrutiny.

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