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clock Created with Sketch. 02/05/22
12:43
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Originally posted by valueinvesting:
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I don't think it will go bust. I don't know if you use the BNPL at all but there are millions of customers using it because it's necessity to budget and spread the cost over the duration. As long as demand exist this will stay.
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The pandemic induced spendathon has given BNPL companies a false sense of what is a normal level of spending... with inflation rising across the board, people have been jolted back to reality. Buying things people don't need with money they don't have is fading fast.
(20min delay)