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cutty

3,387 Posts.

447

10/09/20

09:40

Post #: 47227604
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Originally posted by StefanF: ↑

APT is a mix of credit and fintech. Its valued differently because it has potential to disrupt payments around the world (something the big 4 can't) and also in its infancy Afterpay is already creating tens of millions of lead referrals to merchants, also something banks aren't doing.

So not a like for like comparison. It's also impossible for banks to try and recreate Afterpay's success due to them being classified an ADI. Holding other peoples savings/deposits means they are heavily regulated to protect these deposits. Banks have to maintain stringent capital ratios (CET1, Tier 1 and Toral capital) which means if they were to try to increase massive amount of micro loans they would have to raise and maintain a huge amount of capital.

This is actually one of the biggest advantages of APT over their rival Klarna which is also classified an ADI.

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Lol. I love it. They are good because they are unregulated argument. So many wrong statements.

APT Price at posting: $74.05 Sentiment: None Disclosure: Held
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