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18/05/20
15:28
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Originally posted by Andredamus1:
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You are correct that the company doesn't provide us with the churn data, so my worked example might not be completely accurate. If it is thereabouts, then it indicates churn of ~5% per annum. I'm not really sure why you would regard this as alarming? Of more importance to me is that in ANZ each customer is now spending almost $2,000 per annum an average compared with less than $1,400 3 years ago.
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Yes see the recent survey above they are spending more and 69 per cent of them can't afford to pay it back APT have embarked on a reckless credit for all growth strategy with blatant disregard for the financial and psychological health of the customers. Are you aware that over 30 per cent of BNPL users hide the purchase from their loved ones