RBA merchant fee regulations will crush everything you just wrote. Any week/month now, the RBA will come out and announce that Australian retailers can now charge the 4% merchant fee back to the customer.
This means BNPL in AUS = DEAD
Not downramping with this. This is SERIOUS. It will cause Zip to drop -30-60% on the day. You cannot expect Australian customers to pay an extra 4% on top of every purchase.
Larry was wise to get his $100M out before it turned to $40M or less in a single day. Would not be surprised if he sells down the rest quietly now that he doesn't have to report his actions.
BNPL in AUS is DOOMED with what the RBA plan on doing. Everyone will apply for a no-fee credit card and pay it off before the 55 day interest free period. Credit cards are about to become "cool" again in 2025
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