"Zebit could be a harbinger of a tsunami of ASX departures in the BNPL sector this year following a sustained dive in market valuations of industry players such as Openpay and Splitit in the last 12 months.
Critics of the sector such as leading payments consultant Grant Halverson believe the business models of local BNPL providers are unsustainable and flawed.The business models for locally listed BNPL companies are broken,” he said.
