if the average is $200 as in someone doesn’t have $200 in their bank account to pay for something then how do they plan to pay that back if they are unemployed?
SPT is still growing. How many times you want me to keep saying that? You can use it on Kogan they are huge in Australia.
SPT is not immune to the economic effect of corona virus. They have stated April was a Stella month but ofcourse some of their target market have lost their jobs and many more may. But they don’t have don’t take on risk of customers not paying their credit card debt. That is between the customer and the credit card company. SPT is the middle man providing the technology.
We are living in a world where things are going more and more online things that cost a lot more than $200 are purchased online as we cannot go to some stores. So if you read the SPT announcements you can see that SPT have been very busy working with merchants.
what difference does it make how long each of these companies have been around? They have different business models that grow at different rates. What matters is what’s sustainable and what will survive post corona virus.
if we have a severe recession that lasts years then there is the risk that none of the BNPL will survive.
SPT Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
