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.
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Customers pay just a quarter of the bill at the time of purchase, with the rest automatically withdrawn from a bank account in three successive biweekly installments.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)
Read Next
Latest on Finance
