Permabear, Don't get me wrong l am not here to criticise...

Permabear,

Don't get me wrong l am not here to criticise Afterpay it has filled a niche in the market, but is extremely limited.

To suggest that Afterpay has superior technology is simply not correct and, how can it be, given that it is in the space of lending money and cannot even conduct a credit check on its clients, not that it needs to for loans under $1,000.

Without advanced technology and the necessary search engines, it can't progress past this point, that's what l mean about limited.

Furthermore, when you start talking profits, don't forget APT is currently valued at $900 million and Zipmoney $190 million.

These companies are very different in the way they operate and that's not to criticism of either of them.


Yarra