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Fintech Insider Podcast by 11:FS

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Buy Now Pay Later Open Pay Goes Under - What's Next?

Pay Later Open Pay has gone into receivership and shut its platform after it was voluntarily suspended from the Australian Securities Exchange on Friday. Customers will no longer be able to use the Open Pay platform for new purchases, but will still need to pay back any outstanding balances in accordance with their existing agreements. Buy Now Pay Later is a smaller player compared with its counterpart Zipco, which is worth $512 million and afterpay,. which is worth a whopping $15 billion.

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