BNPL never was a viable stand alone business, but the historically low interest rates and free Covid money/lockdowns gave it a significant tail wind.
Any student of economics would know that the above tailwinds would result in inflation/hyperinflation and BNPL companies have no long term future.
The rates they have to charge now simply to keep the lights on are extortionate and Credit Cards now offer far greater value and flexibility.
To be a successful disrupter you need to offer greater value than the incumbents and they simply dont thats why customers are reverting to credit cards and leaving BNPL in droves.
$2 PARTY, page-7089
-
- There are more pages in this discussion • 4,703 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.16 |
Change
0.225(11.7%) |
Mkt cap ! $2.721B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.17 | $2.00 | $37.53M | 18.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 323001 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 115977 | 23 |
View Market Depth
| Last trade - 13.58pm 16/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |