New to investing share and long term holder here, also topped up few @$7.1 earlier. I have to say that it is a concern that PayPal will slow down the Quadpay growth.
However, pretty sure Larry will have some plan to grow and minimise the impact, it is a huge market and wont be " Winner takes all".
Not sure if anyone posted this, but just like to share here for reference.
https://www.watoday.com.au/business/companies/zip-sezzle-brush-off-paypal-concerns-as-shares-savaged-20200902-p55rnd.html"This appears to be a lower-cost offering for both merchants and consumers for a very similar product to QuadPay’s. A lack of differentiation could limit the ability for QuadPay to increase their customer numbers at the same rate as larger peers," Macquarie analysts said.
However, Zip chief executive Larry Diamond dismissed concerns, saying Zip would be able to outmanoeuvre "payment elephant" PayPal, who's move he said was a broader mark of validation for the nascent BNPL sector.
"At Zip's heart is innovation; its what we deliver for our partners and our users. Its why the Zip/QuadPay transaction made so much sense," he said.
"It is this insatiable appetite for what's better for users, our deep and ongoing investment in innovation and ability to move quickly - that has and will always separate us from the global payment elephants."
"[BNPL] will become mainstream. As the overall pie increases, we are very well placed to capitalise on the increasing and rapid awareness," he said.
Similarly, US-based but ASX-listed BNPL operator Sezzle also said there was plenty of room in the market for numerous operators. Sezzle shares are down 25 per cent since Tuesday morning.
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