[ad_1]
The future of buy-now-pay-later service Laybuy appears to be in jeopardy after the business was placed into receivership.
The company offers a zero-interest alternative to credit cards and allows users to make purchases and pay back through six weekly automatic payments.
The New Zealand company announced via its website that David Webb and Robert Campbell of Deloitte New Zealand were appointed as receivers and managers on 17 June.
Australian businesses that collapsed in 2023
Meanwhile, Deloitte Australia’s Glen Kanewski and Jason Treacy have been appointed to run Laybuy Australia Pty Limited.
Laybuy’s services will continue to remain unavailable until further notice, according to the notice on its website.
“This means you will not be able to register on Laybuy, you will not be able to make a new purchase with Laybuy,” the website said.
However, people using the service can update payment card details and make manual payments.
[ad_2]
