I share the same concern with you James, but I believe this is the consequence in the rebranding. Zip have basically taken a step backward in this instance but hopefully, my concern will wear off once the Q3 figures for FY21 display somewhere between 60-80% growth YOY. Those figures for me would indicate that the rebranding was the cause of slowed growth. Regardless, the expansion markets are showing promise and is something investors need to pay attention to.
51.6M TTV for expansion markets may not sound too significant, but I believe over the course of next year we will see some of these markets grow and emerge as new catalysts.
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