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  1. Eggboy
    799 Posts.
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    18/08/21
    22:07
    Post #: 55398475
    Has something begun?!!?

    https://www.copyright link/companies/financial-services/cba-launches-steppay-lifts-payment-revenue-20210817-p58je4

    An interesting paragraph from CBA's announcement that 'Stepay" was launched today to go live next Wednesday.
    In part the announcement says: -

    "StepPay is also set to create new precedents for how banks earn payments revenue, even though the instalment service is free for customers, because the four-instalment construct is being treated by CBA and Mastercard as a credit card rather than a debit card payment."

    EB
    SPT Price at posting: 53.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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