Grave news for all BNPL players: APT, Z1P, SZL, SPT, OPY...etc, given PayPal is such a large player (US$240B mammoth) with deep pocket and market penetration. The smaller players will eventually get squeezed out leaving the dominant top 2-3 players. Time for sector consolidation IMO.
https://www.forbes.com/sites/jeffkauflin/2020/08/31/paypal-enters-installment-loan-business-targeting-fintechs-affirm-and-afterpay/#29781f8d1478
