A record number of Australians are opting to use 'buy now, pay later' schemes instead of traditional credit cards, with those aged 18-34 leading the charge. As Gen Yers and Zers struggle to manage their finances, they’re seeking out payment options that fit their lifestyles.

Despite a rise in Australian household debt, one-quarter of Aussies are choosing to ignore their debts, instead of taking action to resolve them. Through a lack of education, growing financial illiteracy has left people feeling anxious, creating space for financial services brands to offer clearer solutions.

Trust in Australian banks is dwindling – just 36% of Aussies believe their bank has their best interests at heart. With the sector amid a shake-up, Up is giving people an easier way to manage their money, with flexibility, in-depth analysis and more human communication.

As it becomes tougher to borrow from traditional sources like banks and credit unions, more and more Aussies are considering alternatives like peer-to-peer lending. How are fintech firms in this space challenging established institutions, and why are some people still wary of this form of finance?