Beforepay

Thought Leadership

Consumer spending rebounds as daily average spend jumps 5% in April 2024

5 May 2024

Thought Leadership

Daily average spending down 0.82% in March 2024

3 April 2024

Thought Leadership

February sees 4.6% uplift in spending with a twist in Valentine's day habits

Sydney, Australia – Consumer spending increased 4.6% month-on-month this February, according to insights from Beforepay’s Cost of Living Index. New data shows daily average spending rose to $60.78 in February, up from $58.12 in January. This increase reflects the seasona...

5 March 2024

Beforepay Group launches Carrington Labs, a business line to commercialise its AI-powered risk models and lending platform

The new business will trade under the name “Carrington Labs” and will offer enterprise clients the same technology and artificial-intelligence tools that power Beforepay’s ethical-lending products.

3 March 2024

Thought Leadership

Australians tighten their belts after the holidays with 10.2% spending decline in January

Sydney, Australia – Consumer spending in January declined 10.2% from December, according to the latest Beforepay Cost of Living Index. Australians reduced their average daily spending to $58.12 in the month, down from $64.69 in December 2023.

5 February 2024

Thought Leadership

Australians spent $66 on Christmas 2023, finding lower petrol prices under the tree

Sydney, Australia – New data from the latest Beforepay Cost of Living Index revealed the average Australian spent $66 on Christmas shopping in December 2023. This is up from $62 in 2022 and $49 in 2021. The holiday spend is calculated as the increase in shopping spend be...

3 January 2024

Thought Leadership

Daily spending increases by 2.8% in November 2023

The new data, which includes Black Friday spending, reveals a 2.8% month-on-month increase in daily average spending, moving from $60.52 to $62.23.

6 December 2023

Thought Leadership

Consumer spending declines 1.01% in October 2023

New data reveals a 1.01% month-on-month decrease in daily average spending, moving from $61.14 to $60.52.

5 November 2023

Thought Leadership

Daily average spending down 1.3% in September 2023

The September 2023 Cost of Living Index showed a month-on-month decrease in daily average spending to $61.14 from $61.92 in August.

3 October 2023

Ethical-lending fintech Beforepay recognised in Wealth & Finance International FinTech Awards

Beforepay (ASX:B4P) named Ethical Lender of the Year 2023 - Australia.

6 September 2023