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Australia has proved fertile ground for BNPL, but is it an anomaly or a sign of things to come?
" ["fulltext"]=> string(3946) "More and more Australians are choosing interest-free instalments over credit cards, but the jury is still out as to whether this formula can work elsewhere.
Zafin SVP for APAC Nicholle Lindner told nestegg that Buy Now, Pay Later (BNPL) is less disruptive than it might appear. It’s not a new concept, even if it has resonated with consumers particularly loudly this time around.
“With BNPL having little to no fees attached to purchases, combined with minimal credit checks needed to get approved, BNPL has emerged as an attractive way to make purchases for consumers of all wealth brackets,” she said.
As a short-term lending option, she said that BNPL allows consumers to make more purchases “without the fear of having sky-high interest rates that can be attached to traditional credit cards”.
According to one report by Marqeta, Australia is at the front of the pack when it comes to BNPL adoption.
Sixty per cent of Australians surveyed said they had used a BNPL, compared to 47 per cent seen among US and UK-based consumers.
Ms Lindner said that there’s no reason this success can’t be replicated overseas. While BNPL is already replacing legacy financing options in the United States, she said that the biggest potential hurdle for BNPL adoption remains regulation.
“Will one country be more restrictive than another? Or will there be similarities across the board that will enable consistency for BNPL firms to enter new markets with ease?” she said.
Noting the recent arrival of giants like PayPal and traditional banks into the BNPL sector, Ms Lindner expects that the market will level off.
“I expect there to be more moves over the coming months as larger corporations try to grab a portion of the market, and then once the dust settles, we should have a better idea of what to expect from BNPL firms,” she predicted.
Regardless, Ms Lindner said that the emergence of BNPL has already and will continue to disrupt traditional flows of revenue for both banks and credit unions.
“While credit cards have historically generated massive revenue for banks through interest rates and fees, BNPL is offering a new way for consumers to bypass these costs,” she said.
However, signs suggest that traditional banks are quickly learning to adapt to this paradigm shift.
“They’ve quickly learned to partner with fintechs who can help monitor BNPL transactions from the initial purchase point as well as create a consolidated view of the bank’s BNPL debt,” Ms Lindner said.
Looking forward, Ms Lindner predicted that the emergence of BNPL services would lead to further disintermediation in the payments space, particularly when it came to younger demographics.
“I think there will be room in the market for firms like Afterpay, Klarna and Zip to continue operating because they were first on the scene and have been building credibility with consumers,” she predicted.
However, as BNPL becomes more regulated, that advantage could erode.
“Banks have had more staying power over the years,” Ms Lindner acknowledged.
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Australia has proved fertile ground for BNPL, but is it an anomaly or a sign of things to come?
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" ["fulltext"]=> string(3321) "ShopBack is getting into the business of Buy Now, Pay Later (BNPL), with the company announcing it will be acquiring the Singapore-based hoolah.
ShopBack Australia general manager Angus Muffet said that the move promises to position the company as a one-stop solution for demand generation and user engagement for merchants across the Asia-Pacific.
“Hoolah, combined with ShopBack’s position as the market-leading publisher and shopping companion across the Asia-Pacific, will transform the shopping experience for shoppers,” Mr Muffet predicted.
Following its launch in 2018, hoolah has expanded across south-east Asian markets. Today, the company works with over 2,000 merchants and offers an instalment-based alternative to credit to consumers across Singapore, Malaysia, and Hong Kong.
Hoolah CEO Arvin Singh said that the two companies complemented one another.
“Hoolah and ShopBack coming together is a natural fit given our similarities in exceptional brand recognition, user demographics, and an aligned vision of placing the customer at the heart of everything,” he said.
Nevertheless, those expecting ShopBack’s acquisition to pave the way for an Australian expansion may want to hold their breath.
Mr Muffet insisted that the acquisition of hoolah would need to be completed before any consideration could be given to the possibility of launching the BNPL platform in new markets like Australia.
Regardless of if or when hoolah does arrive in Australia, the intent of acquisition is less to do with eating away at the market share of major league BNPL platforms like Afterpay and more to do with the way that ShopBack itself generates revenue.
ShopBack CEO Henry Chan framed the partnership as a win for both consumers and merchants.
“Shoppers get the best deals and rewards, and more flexible payment options, on a single platform. Merchant partners can access a large pool of high-intent shoppers and achieve higher conversions and basket sizes,” he said.
In the twelve months prior to the end of September 2021, Australian consumers helped ShopBack gross $610 million in total online transactions value.
The company said that registered Australian membership also grew by over 50 per cent to 1.5 million in the 12 months to the end of June 2021.
Looking forward, Mr Chan predicted that the acquisition and integration of ShopBack and hoolah would only accelerate these growth curves.
“Our best-in-class technology and rich transaction data will enable us to further accelerate the development of the BNPL sector across the Asia-Pacific.”
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The company is looking to broaden its focus from cashback to credit.
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["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(57) "/borrow-money/credit-card/shopback-buys-itself-a-bnpl-app" ["image"]=> string(44) "images/article-826x550/ShopBack_phone_ne.jpg" ["image_alt"]=> string(31) "ShopBack buys itself a BNPL app" } [2]=> object(stdClass)#7533 (56) { ["id"]=> string(5) "17624" ["title"]=> string(57) "Consumers less keen on BNPL once they know the real costs" ["alias"]=> string(57) "consumers-less-keen-on-bnpl-once-they-know-the-real-costs" ["introtext"]=> string(117) "The more successful BNPL becomes, the greater the risk of regulation.
" ["fulltext"]=> string(3767) "While Afterpay continues to dominate the conversation around Buy Now, Pay Later (BNPL), new data suggests consumers are becoming more savvy about who foots the bill for the convenience of not-quite-credit.
According to UBS’ latest BNPL consumer survey, awareness of BNPL remains high. That being said, the research noted that consumers are also becoming more aware of the downsides involved.
UBS found that surveyed Afterpay customers said that they would not use it if the app charged them a 4 per cent fee.
Given the Reserve Bank of Australia’s (RBA) recent backflip around the exemptions afforded to BNPL apps when it comes to “no surcharge” rules, UBS flagged this as a potential risk for the sector.
“Under the previous rules, BNPL operators were able to force merchant partners to agree not to pass the cost of the transaction onto the consumer by inflating prices accordingly. For other credit cards, this kind of arrangement is not allowed due [to] the RBA’s existing ‘no surcharge’ rules,” UBS explained.
However, earlier this year, the RBA concluded that no-surcharge rules give BNPL providers an unfair competitive advantage over competing entities that are prohibited from imposing no-surcharge rules on merchants.
UBS found that consumers relying on BNPL were also generally unaware of its relative cost for merchants.
Once made aware of the high fees that platforms like Zip and Afterpay levy on merchants, as many as 30 per cent of surveyed consumers said that they would no longer use BNPL when shopping at small businesses.
“A significant portion of BNPL users would not use it once they know the true cost, even without surcharging,” the report found.
Another insight provided by UBS’ latest dataset is that BNPL users in 2021 tended to have average incomes that were 15 per cent higher than non-users.
While these consumers were more likely to be employed, they were also more likely to have debts and be declined for credit cards than those who didn’t engage with BNPL.
“We, therefore, see a risk ‘free-riders’ may use BNPL less if surcharged, causing adverse customer selection (higher credit risks) and lower sales volumes for BNPL businesses,” UBS noted.
UBS concluded that simplicity remains the greatest strength of BNPL platforms but warned that increased popularity would increase the likelihood of regulatory scrutiny.
“Most BNPL customers use it for reasons of budgeting, flexibility or convenience. However, a significant proportion of users appear to regard it as a line of credit,” the report found.
UBS flagged this widespread perception as a potent source of risk for the sector.
The fear here is that if consumers widely consider BNPL to be credit, this may encourage regulators to act.
“As consumers believe Afterpay is providing these services, the risk they are regulated as such is high in our view,” UBS said.
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The more successful BNPL becomes, the greater the risk of regulation.
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["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(83) "/borrow-money/credit-card/consumers-less-keen-on-bnpl-once-they-know-the-real-costs" ["image"]=> string(46) "images/article-826x550/credit-card-new2-ne.jpg" ["image_alt"]=> string(4) "BNPL" } [3]=> object(stdClass)#7534 (56) { ["id"]=> string(5) "17581" ["title"]=> string(38) "Rising credit demand to boost recovery" ["alias"]=> string(38) "rising-credit-demand-to-boost-recovery" ["introtext"]=> string(209) "After months in lockdown, Australian consumers are rushing to make up for lost time with a flurry of credit card, mortgage, personal and car loan applications.
" ["fulltext"]=> string(3259) "The numbers are beginning to suggest that Australia’s economy couldn’t have asked for better conditions when it comes to rebounding from recent lockdowns.
Data released by Equifax suggested that the first week of NSW’s reopening saw a 33 per cent jump in car loans, a 15 per cent increase in mortgages and a 10 per cent increase in personal loans.
“With international travel soon to reopen, we can expect to see consumer credit demand grow, specifically the use of credit cards to pay for people’s overseas holidays,” Equifax general manager for advisory and solutions Kevin James predicted.
Mr James predicted that these trends will complement the boost in spending that is usually seen during this lead up to the end of the year, hastening Australia’s broader economic recovery.
Notably, BNPL demand dipped 12 per cent during NSW’s first week out of lockdown. However, Mr James expects that this will be temporary as typical holiday spending trends set in.
Overall, Equifax’s latest consumer credit demand index found that consumer credit applications rose 12.8 per cent in the quarter ending September 2021 compared with the September 2020 quarter.
Within that figure, credit card applications remained flat at -0.3 per cent while auto loan applications fell by 4.5 per cent.
However, personal loan applications were up by 20.3 per cent and BNPL applications grew by an impressive 31.4 per cent.
NSW and the ACT were the exceptions when it came to growth for the personal loan sector, with declines of 6.7 per cent and 9.1 per cent, respectively.
That being said, Equifax noted that overall consumer credit demand remains 20.8 per cent below pre-COVID levels.
“Mortgage and BNPL demand have remained strong in and out of lockdowns, but their gains haven’t been enough to offset the drop in other categories of credit,” Mr James explained.
Off the back of strong reopening figures, he expects that a resurgence in credit cards, auto loans and personal loans will begin to close the gap.
Another reason for the boom in credit demand might be related to the improvement in credit scores that
A recent report by ClearScore found that Australians with the lowest credit scores experienced the strongest improvements over the past 12 months.
“The reduction in defaults over the last 12 months of COVID has had a dramatic impact therefore on improving the average credit scores of people who were classified as Poor credit score last year,” the report said.
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After months in lockdown, Australian consumers are rushing to make up for lost time with a flurry of credit card, mortgage, personal and car loan applications.
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["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(64) "/borrow-money/credit-card/rising-credit-demand-to-boost-recovery" ["image"]=> string(46) "images/article-826x550/recovery-economy-ne.jpg" ["image_alt"]=> string(38) "Rising credit demand to boost recovery" } [4]=> object(stdClass)#7535 (56) { ["id"]=> string(5) "17558" ["title"]=> string(56) "Even credit unions are now jumping on the BNPL bandwagon" ["alias"]=> string(56) "even-credit-unions-are-now-jumping-on-the-bnpl-bandwagon" ["introtext"]=> string(117) "Community First’s new zero interest credit card is available n0w.
" ["fulltext"]=> string(3373) "Credit unions are the latest corner of the finance world to decide that if you can’t beat the appeal of buy now, pay later (BNPL), you might as well try to embrace it.
Community First Credit Union has announced the launch of a new “n0w” credit card designed to compete with BNPL apps like Zip and Afterpay.
“The n0w card will supplement the very competitive suite of traditional credit card products but target consumers that want more simplicity, no interest charges or late payment fees,” Community First Credit Union CEO John Tancevski explained.
Instead of interest, Community First charges customers who sign up for the n0w card a monthly account fee that scales with their credit limit.
At the base $1,000 credit limit, this works out to be $9 per month. Bumping up to a $2,000 limit increases this to $14 per month. Finally, maxxing the card out to a $3,000 limit will cost you $19 per month.
Mr Tancevski emphasised the n0w card as an alternative to BNPL products, noting that younger Australians are increasingly shunning traditional credit cards in favour of such payment methods.
“However, with BNPL products, shoppers generally must pay back their debts in relatively quick-fire instalments and will be hit with fees if they are late with repayments,” he said.
Likewise, Mr Tancevski argued that relying on BNPL over a credit card can often restrict where consumers shop or result in them signing up to multiple BNPL services in order to shop where they want.
Since Community First’s n0w card operates on the existing infrastructure used by Visa credit cards, it doesn’t have this problem.
“Merchants also benefit as they aren’t hit with additional fees typically charged by BNPL services,” he added.
Mr Tancevski noted that the n0w card isn’t just the first zero-interest card launched by a credit union, but also the first such credit product to offer cash advances.
“N0w is also the only interest-free card in the market that allows for cash advances, and it will appeal to people who don’t like traditional credit cards, as card users don’t need to track interest-free days or worry about late fees,” he said.
Mr Tancevski said that credit unions like Community First don’t have the same financial pressure to generate large profits to pay dividends to investors as banks do, enabling them to deliver that value back to their customers in a way that meets their needs at a competitive price.
“We have recognised that Millennials are looking for innovative banking products and in response, we have developed a flexible and low-cost Visa card that will prove a handy companion when they go shopping,” he said.
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["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(82) "/borrow-money/credit-card/even-credit-unions-are-now-jumping-on-the-bnpl-bandwagon" ["image"]=> string(54) "images/article-826x550/Community_First_n0w_card_ne.jpg" ["image_alt"]=> string(56) "Even credit unions are now jumping on the BNPL bandwagon" } [5]=> object(stdClass)#7536 (56) { ["id"]=> string(5) "17550" ["title"]=> string(63) "Westpac flexes into BNPL with zero-interest digital credit card" ["alias"]=> string(63) "westpac-flexes-into-bnpl-with-zero-interest-digital-credit-card" ["introtext"]=> string(159) "Another big Australian bank is looking to earn its stripes among BNPL consumers with a new digital credit card.
" ["fulltext"]=> string(3409) "Westpac has revealed that it’ll be looking to compete with buy now, pay later (BNPL) apps like Afterpay and Zip with a new “Flex” zero-interest credit card.
Due to launch later in the year, the Westpac Flex card will offer consumers access to $1,000 credit with no interest, late or foreign currency fees and will be accepted anywhere that takes Mastercard transactions.
“We’re giving customers a new way to pay which is simple, flexible and fast, as well as a completely digital experience from start to finish,” Westpac chief executive for consumer and business banking Chris de Bruin said.
“It’s easy to use and understand, and customers will be able to use Flex to make purchases in-store or online just like a regular card.”
As opposed to a regular Mastercard credit card, Flex users will be charged a flat $10 monthly fee. In addition, Westpac will waive this surcharge for consumers who pay their instalments for the month on time.
“Customers will be able to choose the cycle their repayments fall on, whether it’s twice a month or monthly, and we will send proactive reminders via the app and SMS to help them keep on track with repayments,” Mr de Bruin explained.
Citing recent research, the bank suggested that Gen Z are more likely to use mobile apps to conduct their banking than any other generation and that 37 per cent of Australians believe traditional credit cards are losing relevance.
“Flex caters for the on-demand generation who want convenience and control, without the complexity,” Mr de Bruin said.
Once the card launches and a prospective consumers application for the Flex card has been approved, consumers will be able to use the digital card almost immediately via both the bank’s mobile app or digital wallets like Google Pay.
Westpac customers will be able to apply for the card via the bank’s mobile app or website from today.
The move comes following similar moves by other major Australian financial institutions like the Commonwealth Bank of Australia, ANZ and Suncorp, as well as major payments processing giants like PayPal and Mastercard.
Speaking to nestegg earlier this year, McLean Roche CEO Grant Halverson described the rising competition in the BNPL space as a dance of the elephants.
He said that smaller operators in the BNPL space are small mice that risk being stomped on by the arrival of banking giants like the Commonwealth Bank and tech giants like Apple.
Mr Halverson said that few of Australia’s BNPL players have reached the necessary scale and ubiquity to compete against these bigger players.
“With PayPal and CBA actually hitting the ground, the battle begins,” he said.
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Another big Australian bank is looking to earn its stripes among BNPL consumers with a new digital credit card.
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string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "First article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [8]=> object(stdClass)#7897 (32) { ["id"]=> string(1) "8" ["title"]=> string(18) "Second article URL" ["name"]=> string(18) "second-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:04" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7658 (3) { ["data":protected]=> object(stdClass)#7661 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7660 (3) { ["data":protected]=> object(stdClass)#7663 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(18) "Second article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#7894 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7662 (3) { ["data":protected]=> object(stdClass)#7665 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7664 (3) { ["data":protected]=> object(stdClass)#7667 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#7898 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7666 (3) { ["data":protected]=> object(stdClass)#7669 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7668 (3) { ["data":protected]=> object(stdClass)#7671 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#7889 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7670 (3) { ["data":protected]=> object(stdClass)#7673 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7672 (3) { ["data":protected]=> object(stdClass)#7675 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#7890 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7674 (3) { ["data":protected]=> object(stdClass)#7680 (1) { ["options"]=> object(stdClass)#7678 (2) { ["options0"]=> object(stdClass)#7677 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#7679 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7676 (3) { ["data":protected]=> object(stdClass)#7682 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#7903 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7681 (3) { ["data":protected]=> object(stdClass)#7684 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7683 (3) { ["data":protected]=> object(stdClass)#7686 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#7904 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#7685 (3) { ["data":protected]=> object(stdClass)#7688 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#7687 (3) { ["data":protected]=> object(stdClass)#7690 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(89) "/borrow-money/credit-card/westpac-flexes-into-bnpl-with-zero-interest-digital-credit-card" ["image"]=> string(47) "images/article-826x550/westpac_flex_card_ne.jpg" ["image_alt"]=> string(17) "Westpac flex card" } }
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