when you use zip to buy things from a retailer, money didn't come out of your pocket right away, right ?
but shop still gets paid right away, by who ? By zip.
but those billions of TTV , you think zip has that billions in hand ? No.
so where is the money from ? From banks / lenders.
can zip draws those money out as cash ? No.
those money are just meant for their books.
so how / when did zip pay back the banks / lenders ? Only when you pay back zip for your purchases.
the money you paid goes straight to banks/lenders books.
it's like i borrow from bank to lend you money , and you pay me back in 2 weeks , and i return it to the bank
it's just that the money never comes as cash in my hand. Only appears in accounting.
that's why bad debts / arrears are so critical for bnpl
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