Mate do you understand that Zip AU is a credit not a pay in four...

Mate do you understand that Zip AU is a credit not a pay in four where risk is inherently lower…if Zip customer defaults in AU it will be full limit $2 k and zero payment but pay in four will hardly be full limit unless intentional

Further if you want to compare Zip with Apt you have to convert it into comparable metrics…APT is bad debts as a percentage of TTV and Zip is percentage of Avg receivables

Now if an accountant like me converts to make it comparable….Zip AU for full year at 2.84 percent will be $57 million for Average Rev of $2 B and with a TTV of $1.2 for the qtr…Annualised will be $4.8 billion in TTV

Now $58 mill/$4.8 B gives you 1.18 percent only…can you please check with the latest bad debts of Apt

Thank you