You're not wrong Fastback, bankers have a licenced method of...

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.