AFIA Buy Now Pay Later (BNPL) Code of Practice

AFIA's BNPL Code of Practice came into effect on 1 March 2021.

See this Media Release for more detail.

The Code goes above and beyond the law in Australia, setting best practice standards for the sector and strengthening consumer protections. It does this while preserving customer choice to make purchases and payments in a way that suits their needs and preferences.

The seven BNPL providers who are accredited to this Code represent an estimated 90 percent of the BNPL market based on the number of active accounts as at 30 June 2022; and include Afterpay, Brighte, humm Group, Klarna, Payright, Plenti and Zip Co.

AFIA has updated its BNPL industry data and economic impact research to include FY22, see fact sheet here. 


BNPL is growing our economy and providing benefits to consumers and businesses

In this research we provide comprehensive and up to date information on the BNPL sector in Australia.