PayPal enters BNPL sector, page-219

New to investing share and long term holder here, also topped up few @$7.1 earlier. I have to say that it is a concern that PayPal will slow down the Quadpay growth.
However, pretty sure Larry will have some plan to grow and minimise the impact, it is a huge market and wont be " Winner takes all".

Not sure if anyone posted this, but just like to share here for reference.

https://www.watoday.com.au/business/companies/zip-sezzle-brush-off-paypal-concerns-as-shares-savaged-20200902-p55rnd.html

"This appears to be a lower-cost offering for both merchants and consumers for a very similar product to QuadPay’s. A lack of differentiation could limit the ability for QuadPay to increase their customer numbers at the same rate as larger peers," Macquarie analysts said.

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However, Zip chief executive Larry Diamond dismissed concerns, saying Zip would be able to outmanoeuvre "payment elephant" PayPal, who's move he said was a broader mark of validation for the nascent BNPL sector.

"At Zip's heart is innovation; its what we deliver for our partners and our users. Its why the Zip/QuadPay transaction made so much sense," he said.

"It is this insatiable appetite for what's better for users, our deep and ongoing investment in innovation and ability to move quickly - that has and will always separate us from the global payment elephants."

"[BNPL] will become mainstream. As the overall pie increases, we are very well placed to capitalise on the increasing and rapid awareness," he said.

Similarly, US-based but ASX-listed BNPL operator Sezzle also said there was plenty of room in the market for numerous operators. Sezzle shares are down 25 per cent since Tuesday morning.