Daily Price Movement / General Discussion, page-20605

Anyone listen to the PayPal conference call....they are making significant inroads into APT and Zip customer base both in Australia and the USA from a standing start.

It looks like they will overtake both in a very short space of time and it looks like growth numbers for both companies will turn negative within 12 months and they will no longer be valued as growth stocks but vanilla Financial services companies on low margins

They have annualised minimum TTV/GMV if $6 billion and at current growth rates an annualised $13 billion

Looks like they will squash APT and Zip and that is before Apple Google CommBank Klarna etc enter the fray

** PayPal said on Wednesday its BNPL volumes hit $1.5 bln in Q2, up 49% from Q1

** Also said customers topped ~4.2 mln, up about 1 mln from three months earlier

** PayPal is one of several deep-pocketed companies that have recently entered the BNPL space or are about to, drawn by its explosive growth since the pandemic

** Citi says PayPal could impact growth rates of existing firms

** Adds that in the medium term, it remains "concerned" that Zip's international business lacks scale

** PayPal's Australia business, which launched this month, is "off to a strong start", Citi noted, citing the results call