No, it makes sense actually.
Based on KL’s comments on 1 April, the Malaysian banks don’t like the low-end consumer credit space because of the legislation that stops them pursuing bad debts in court under A$30,000.
So why would they be super keen to jump in the BNPL space, which would have the same issue for them?
They may however choose to get involved with IOU’s history of e-KYC and credit checks, when IOU can show figures (like Wisr do: “our portfolio credit average is 771”) but otherwise it’s not been their historical target spot.
$1 Club, page-20313
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Last
3.2¢ |
Change
-0.009(22.0%) |
Mkt cap ! $64.96M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.4¢ | 3.0¢ | $7.191M | 202.6M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2701329 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 366867 | 3 |
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| OVT (ASX) Chart |