Hmm this doesn't look too good for the short to mid term.
See article in AFR from 1pm today "RBA to probe Afterpay ‘no surcharge’ rule".
Screenshot from the payments board annual report https://www.rba.gov.au/payments-and-infrastructure/resources/publications/
"The Bankwill be considering if there are any policy issuesassociated with the growth of BNPL servicesas part of its 2020 review of card paymentsregulation."
UBS Sell and $17 target!, page-400
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