I don't hold any stocks, I retired here from the UK after calling the dot com bubble in 2000.I identified all of these BNPL stocks as bubble valuations and am of the opinion they will all go out of business eventually as there is no path to profitability.
My thought process several months ago is that the present incumbents would not stand idly by and just let these upstarts take their business.
This is now coming to pass, and the USA banks and UK banks will replicate these offers.
They will continue to find tune the offers in my opinion until they put Zip APT et all out of business.
They are not really interested in BNPL but are protecting their turf.
My reading Zip accounts at the present rate they can't last six months before a heavily discounted credit raising and that's with the free leg up they were given with Job Seeker and Job Keeper which is now ending.
They have recruited customer numbers with irresponsible lending practices to the most irresponsible cohort reflected in their loss rates
What could possibly go wrong.
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