Chart - Z1P, page-70

I don't know why you guys are focussed so much on declining credit card use, it happens at the top of every credit cycle, where consumption falls away and household savings rate increases and consumers pay down debt.

Yiur esteemed leaders have merely seized in this and declared it is due entirely to BNPL .....that is simply not true. The 13% fall in the August retail sales is further evidence of this.

With regard to the GameStop deal don't you think Affirm Klarna PayPal etc were all pitching for this and GameStop would have screwed Quadpay on margins to minimal levels so much that their demands would have made the others walk away.

With the level of competition now all enterprise clients will be agressive on margins to the extent that each and every transaction is loss making.

Increased TTV will just mean greater losses.

Thats why the stock is met by heavy selling on any spikes up as it has no hope of ever making a profit