AfterPay is an E-Commerce Business. Apple Pay is a payment method., page-31

You are making a case for risk, but your post seems pretty inconsistent, so trying to clear up where you actually stand in terms of your overall exposure. Your principle claim is that you have too much BNPL, but I'm suggesting that seems reactionary when you have been overexposed for a very long time.

At the end of the day I don't know your actual position, but it's seems like you aren't making it very transparent.