Z1P - The Rise To $15.00, page-263

The issue isn’t paying back 1 pair of shoes. It’s taking on too many commitments and finding yourself in a situation where you can’t pay back multiple items.

I think BNPL is an innovative business model, but i can see how it can give one a false sense of security and makes them feel as if they have access to an unlimited amount of cash.

You may say “but one should know how much they have available to spend”. Well if they did they wouldn’t be using BNPL options haha. Also, the target is millennials who may not be as cash flow savvy as their older counterparts.

Anyway, there’s a place in the world for the BNPL sector, but right now there’s simply too many options. Eventually I see there being a couple of major players: APT & ZIP whilst the innovators offering unique BNPL models such as SPT also finding their place in the market.