Most banks now offering ne wcredit cards with zero interest on late payment, page-83

So many shorters on here ragging on this stock.

credit cards are NOT the same as BNPL.
the links provided by the person on here... come on, do your research.
ceedit cards have annual fees, require you to complete an application and get a credit check (destroys your credit file very quickly, went through this once applying for home loans)
credit cards charge high interest
cresir cards do offer Qantas frequent flyer points. They also offer virgin points... wait, what? Oh that's right virgin isn't letting you spend their points anymore

the big banks have been offering these packages home loans for years where the credit card is included but you pay 400 a year for the provilege. Gauging the average consumer for years and they are fed up with it
we are in the age of digital banks.
in the age of Amazon and online shopping becoming the norm.
of the age of convenience trumps.
zip and AfterPay dominate in all of these factors
they don't damage my credit file if I apply for one or both of them.
they are easy to apply for and get
they don't say to me, here is a credit card and we are going to charge you a yearly fee on top of the 12-25 percent interest rates.

the recent drop in price I think is directly attributable to both PayPal entering, but also the covid 19 shit isn't going away. You look the last few months. Every country has been under reporting and yet we are still rising in cases, topping300 K the other day and Astrazeneca Oxford vaccine put on hold

if we don't find a vaccine in the next 6-12 months and countries continue to keep borders locked, don't hire staff, etc, then naturally people will stop spending and this will have a much bigger impact on short term growth to zip and AfterPay.

paypal was around for years before zip and AfterPay. A multi billion dollar company. And for all their smarts they couldn't see the market was demanding a better payment option. Enter BNPL. Yes PayPal is big, but they are playing catch-up and they don't understand how to run a bnpl business successfully nor do they want to,for fear of eroding their own business model!

banks aren't entering bnpl. They are instead investing in bnpl companies. Westpac with ZIP,CBA with Klarna.

cant wait to see the next report out on growth. It's going to be very positive.
huge financial year coming up for ZIP. Entering multiple major markets, with 200 million in investment to scale rapidly. Only Klarna and AfterPay are in the same position or better.

how many banks and credit unions do we have, just in Australian supporting 25 million population?
cuscal represent 137 credit unions and building societies
then the major and middle tier banks. The top 4 then others like Adelaide and st Goerge etc.
over 150 banks and credit unions in Australia alone.
how many banks are there worldwide?

and people are saying there isn't enough space for all these bnpl players? Get real. Stop drinking the legacy banking coolaide.