You're not wrong Fastback, bankers have a licenced method of printing money, but they can moderate the fees they charge through charging interest, and moderate their bad debts (while increasing their revenues) by letting customers pay off only a small amount of the balance owing.
BNPL businesses don't charge interest and can't, so their fees have to be much higher than what I believe will ultimately be acceptable - either to regulators or their customers. Their bad debts are high because customers are required to repay all they have borrowed in a short space of time and it puts intensive pressure on an already vulnerable budget. Compounded by the fact that people often seek to have multiple facilities going at once. I think my point is very valid but if not, then all the BNPL businesses moving into term/margin lending to save their skin are on the wrong tram too.
- Forums
- ASX - By Stock
- ZIP
- Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA
Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA, page-1976
-
- There are more pages in this discussion • 398 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
|
|||||
Last
$2.24 |
Change
0.080(3.70%) |
Mkt cap ! $2.900B |
Open | High | Low | Value | Volume |
$2.14 | $2.26 | $2.12 | $35.96M | 16.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1894 | $2.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.02 | 8178 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1894 | 2.410 |
1 | 43255 | 2.390 |
6 | 59786 | 2.360 |
6 | 21072 | 2.350 |
1 | 7752 | 2.330 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 8475 | 2 |
2.070 | 86 | 1 |
2.120 | 26520 | 7 |
2.130 | 8725 | 3 |
2.140 | 47009 | 3 |
Last trade - 15.59pm 23/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online