Ann: Quarterly Report (Appendix 4C), page-68

gday phreak, my understanding is that SPT allows extensed installments amd APT has 4 this is why APT is for small ticket items, the differences are that APT doesn't lock in tge amount but actually guarantees the payment amount to tge vendor therefore APT takes on the risk that why higher fees, and SPT has no risk but just fives vendors more customer exposure in return has to wait for the payments thus why its more suitable for higher purchases and can have multiple purchases, and this is how it works, there is a holdonthe whole amount but onl ges drawn down in monthly payments and as each payment is drawn down the customer or card holder has 55 days to pay the amounrt that has been drawn down then once paid then the amount of that installment is then available for future purchases. eg, a purchase of say $1000 and assume that the card holder has a credit card limit of $1000, then its 10 installments of $100, but now there in $0 available credit and once the customer pays back the $100 within 55 days then the customer will have a $100 available credit and lets assume the customer pays $100 everymonth then the available credit increases by untill it reaches backto $1000 in 10 months, providing there is no other purchases made using that cedit card, and thats where SPT is trying to profit from, vendors can do this to but just needs o set up an automated draw down on the card whilst a full price of the purchase is on hold. its actually a simple process and is by computers. automatically. the problem for vendors os that the whole idea of using SPT/APT is its advertising and exposure, thats why smaller retailers will et on board but bigger reailers an just have there own system in place eventually, and i believe this will happen once people get use o this system then retailers will offer their own version of BNPL option. this is why I have traded stocks in the BNPL space.