I'm not catastrophist, and frankly starting to get bored of some...

I'm not catastrophist, and frankly starting to get bored of some of the outlandish claims that are being made - especially when they are substantiated by nothing but opinion, but, there is an interesting storey in The Australian today about BNPL and the risk of bad debt. I alluded to this in an earlier post on this thread. Whilst the headline figure of bad debt looks small, if that figure is a factor of transaction volume then there is potential for big strife.

Extrapolating the data from The Australian article, bad debt increased in the early 90's recession by 2.53. 2.53 x 1.79% = 4.53%, this would equate to $18,255,900.00 in bad debt against $403m of transaction volume which generated a revenue of $30m. So it doesn't wipe out the revenue, but it's putting a major dent in it.

Admittedly, I'm not looking at the full year revenue, just at the last two months that were reported, but it is worth keeping a very close eye on that figure.