a) why 2 years time? what's going to happen in next 2 years...

a) why 2 years time? what's going to happen in next 2 years that hasn't happened previous 5 years?

b) what regulation are you referring to? responsible lending, nccp? bet london to a brick it won't happen. asic lost its case against wbc in the fed court. nccp remains principle based. and just as I noted last week, that's a euphemism for 'banks, do what you like til asic takes you to court'. so that fed court ruling is a massive boost for bnpl industry

voluntary code of code or light touch, watered down nccp version is the worst case scenario for bnpl providers.

surcharge? any regulation here sets a dangerous precedent for other industries. so very unlikely. particularly when merchants opt into the service, and the merchants are generally very happy with current 'no surcharge' arrangement as the net gain to their business far outweigh the costs.

competition? apt, zip..usually these big guys will swallow up smaller guys.

btw, how many credit providers are currently operating and thriving in oz? thinks there's room for more bnpl operators.

overall bnpl pie is increasing