Ann: Quarterly Update and Appendix 4C, page-38

You need to be careful with this two-way logic. On one hand, there's the argument a slowing economy means people spend less overall. On the other hand, higher rates potentially make credit harder to get, so BNPL wins.
Not so fast.
These small rate rises result in consumers you don't want flocking to BNPL. Many of these are people with such horror credit ratings, that they run to BNPL, then cry foul because they can't meet the repayments. These are the same fools who can't pay off an interest-free loan over a lifetime.
But, they do have a social counter-part. It's the consumer who has money, but chooses to buy BNPL stocks thinking $10 will once again eventuate.
As for the OPY share price. I did tell you the 20s would return, and it did today.
Sezzle and ZIP are running like two drunks at a wedding. They both know where the other guy is, they just don't know where they are.