HUM 5.21% 50.5¢ humm group limited

https://www1.citibank.com.au/spot-buy-now-pay-laterFound this...

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    https://www1.citibank.com.au/spot-buy-now-pay-later

    Found this today prominently advertising on News. It's interesting because it offers the ability to pay a fee to gain longer terms for larger transactions and seems to have built in BNPL for every transaction under $200.

    I would call it HUM with Bundll, and probably on the verge of Humm90. Offered by Diners (interesting comeback) but administered by Citi.

    It's worth noting Citi just sold its Australian operations to NAB for $250m in a deal that effectively transfers the loan books. NAB won't take the systems but will take most staff.

    With Citi also being the provider of PayPal Australia credit card, is this the entry of NAB to the emerging space? We already have Commbank with Neo (native) and partnership with Klarna. And Westpac dabbling, the big boys are on the prowl.
    Last edited by Raams Family: 10/08/21
 
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