great little article in the Weekend Australian, Buisness section...

great little article in the Weekend Australian, Buisness section on Danny Gilligian of Reinventure. His comments and analysis of the work they do with systems associated with AfterPay as an example, the friction points if point of sales contacts, the data etc garnered are why BNPL players are seriously transformational against how banks have traditionally earned their cut. Banks, They've been left in a similar manner to the Taxi industry being carved out by players such as Uber. Its not the ride, but the ability to connect to the ride (transaction) and seamless departure (when you just get out and walk away) It's the subtle things that Z1P has captured, differentiating customers experience, as banks etc, while simple & previously normal are in fact annoying. CBA go on about the customer data they can provide to Buisness customers from point of sale, demographics & products, etc , but that would be tiny in comparison with utilisable data that 'expanded & relevant' data systems that Z1P has developed. This is what I think is their second player advantage.. And where I think they will eventually crush other players. Klarna, not once have I seen it in Oz stores. Seems CBA with out any fanfare have also given up on it..