ZML 0.66% 75.5¢ zip co limited

Ann: Westpac invests $40M in zipMoney, page-7

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  1. 4,404 Posts.
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    This announcement is a game changer for this business. Westpac know how to make money off short term lending.

    I think the biggest problem to date is the repayment periods and length of time you have to repay a fridge as an example.

    Heck you can even order youfoodz for $250 and pay it off over 6 months.

    If they can tighten the repayment terms and make consumers feel like they are constantly using this business like a line of credit then this company can go places.

    The fact westpac paid a premium cannot be underestimated.

    All the best.
 
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