Reiterating 10$- Nov 2020, page-85

I agree that Zipmoney will have greater credit risks than APT equivalent due to the loan amount and length of receivables. However, I feel that the diversification is needed in this market. Eg, childrenswear is the least profitable department (most of time its loss making) in each department store but they are always there no matter how unprofitable it is. It is to attract the customer footprint into the doors.

More people use Zip later on, more data they have to work on the algorithm behind the scene to reduce possible bad debt depending on how they are going to balance market share and bad debt. Lemonade Inc in US is doing the same thing and their loss rate is reduced a lot this year.

Thats just my opnion but again we will need to see another half a year report to confirm it.