haha this!
This is exactly what I have said. I think the bad debts are going to be much higher than reported, and growth will be hiding the real bad debt numbers.
Working in the higher risk payday space, Afterpay is EVERYWHERE on our customers. Im seeing almost 1/5 have afterpay, and I can see their repayments are not always on time!
They are targeting a high risk portion of the population. Wait until you can buy electronics with this, and I bet the losses will be even higher!
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