I agree - the long term hold for both FXL and EML seems a...

I agree - the long term hold for both FXL and EML seems a reasonable thesis. Those BNPL businesses with a good foothold IMO will gain traction as the short term card payers realise that it is cheaper to use BNPL and just as easy once they have tried it. The finance world is changing with the recent crisis caused by Covid-19 causing people to re-examine how they use and where they save their money and Govt yet to deploy all changes suggested by Royal Commission. EML will gain from what appears to be increasing gift card incentives being offered by the larger retailers including car dealers. Besides EML are more than just a gift card company with a system which allows instant use of betting winnings - not something which I use - punting on the ASX is hard enough - but betting goes back into mankinds early history so it will be around in ever increasing forms in the future.