Ann: Becoming a substantial holder, page-159

Plenty of time in SEA, just curious on opinions. We are talking usage per capita are we not!? So for example in Malaysia and Indonesia what is the ratio per populous that will use BNPL? In Australia, USA, and UK everyman and their dog has a credit card, maybe two or three. In these target market at an estimate that ratio would be much lower. Malaysia may have 40 million population compared to Australia’s 25 million but I dare say more people would use a BNPL product more frequently per capita compared to Malaysia. They will no doubt make a larger portion of revenue via bill payment and mobile banking but have a few already established in the market doing the same. Happy for any alternate options of course. AIMO