Improvements to Afterpay, page-12

Perhaps but they may wrap that into a different product, similar to ZipMoney vs ZipPay. The credit risk characteristics would be different and so would provisioning for credit losses hence it's best to separate so that you don't make a mess and have to carry higher provision (AASB 9) for the whole portfolio. But take what I say with a grain of salt. Afterpay may have a way that they can work around all this without any extra provisioning but I'm not really sure how.