Ann: Laybuy Market Update, page-92

Bnpl is only a way to get the customer on mobile. Forget about cards, its the payment system on mobiles that count, its likely even aft and z1p will issues their own credit options on mobile that looks and feels exactly like credit but won't call it a credit card. Fees instead of credit interest after 30 days maybe

Its banking in another guise, they just figured out how to acquire customers better than the banks. That is the end game be payment provider for ALL transactions not just Bnpl