Yes, my comment is hyperbole and there are many cases where bnpl will not be the product of choice.
Yes, the cc suits people who are able to manage their expenses, who are able to budget and settle their balance every month and cut 7 years off their mortgage.
Btw, for those monthly and quarterly expenses, it's just a matter of time. I closed my zippay account around the time when they were reaching out to clients about using zip to pay bills.
My comment was about customer preferences. Afterpay is viral because they have discovered this simple truth - people hate credit. Afterpay provides a solution they didnt realised that they needed. Now they have it and they love it.
My comment is also a prediction, so quoting current balances to me is not relevant. Let's check in again in 2025.
APT Price at posting:
$15.00 Sentiment: Hold Disclosure: Held
