Australia's Afterpay says some BNPL users told to close accounts, then sold credit cards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2025
0mins
Source: Reuters
Afterpay's Customer Account Closure: Some Afterpay customers in Australia are being asked to close their buy-now-pay-later accounts to qualify for mortgages, with over 10% reporting offers of credit cards from banks that advised them to do so.
Regulatory Changes and Perceptions: The BNPL sector, which has seen significant growth post-COVID, is facing new regulations requiring credit checks, as concerns arise about the perception of BNPL users as riskier borrowers compared to traditional credit users.
Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XYZ is 86.51 USD with a low forecast of 55.00 USD and a high forecast of 108.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 65.050
Low
55.00
Averages
86.51
High
108.00
Current: 65.050
Low
55.00
Averages
86.51
High
108.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
