Ann: Market Update, page-67

CI1 have still retained and maintained their core profitable fintech businesses activities. I agree that it has been a decisive move by CI1 to expand and move into BNPL as an extra business activity. I actually see three separate BNPL businesses. Two offering business customers BNPL as part of their product range. (Yozo and One Step). Now we have Ekbuy offering BNPL as part of their offering to retail customers on their own Ekbuy website as well as the ekbuy service to retail businesses.

I do believe it is a struggle to find a profitable BNPL business model but they are out there.

CI1 has proven in the past to be able to generate net profits in their other activities. I suspect only profitable BNPL business models and activities will be considered and acted upon by CI1.

GLTAH DYOR