Ann: October YTD trading update, page-161

  1. 2,292 Posts.
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    Thanks for clarifying.

    But then it does mean that logically speaking, if users are spending 4 x the amount, it could be that they are recycling the debt faster in the same period. So, a 0.7% margin on each transaction comes to be more as they are using more debt(recycling it quicker) in the same period of time(even though they have the same limit). Even though it isn't a pay in 4, because of the ease of use and how they can now use it on everything, and since their limit is the same(as it is only for zip pay, not zip money), potentially the cost of the debt isn't as high due to recycling.

    I know since tap and zip, I'm using it as my main payment service, and I've had to recycle my debt in a shorter period than 30 days.
 
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