The buy now pay later (BNPL) market in New Zealand and Australia has been rocked by the collapse of provider Laybuy which announced that it has been placed into receivership
According to the company’s receivers Deloitte, Laybuy Group Holdings Limited, Laybuy Holdings Limited and Laybuy Australia Pty Ltd suffered a downturn attributed to sluggish sales and the companies had failed to get back into the black after the hey-days of Covid where BNPL grew exponentially.
