Ann: Westpac invests $40M in zipMoney, page-7

This announcement is a game changer for this business. Westpac know how to make money off short term lending.

I think the biggest problem to date is the repayment periods and length of time you have to repay a fridge as an example.

Heck you can even order youfoodz for $250 and pay it off over 6 months.

If they can tighten the repayment terms and make consumers feel like they are constantly using this business like a line of credit then this company can go places.

The fact westpac paid a premium cannot be underestimated.

All the best.