Splitit Ltd FY24 Results, page-12

ZIP has $51m bad debts for last quarter. Their model is not working despite a $250m+ CR to eliminate debt. ZIP shareholders would be very angry.

In the meantime, Visa, MasterCard and PayPal show steady ~30% share price growth over the past 6 months where all Pure BNPL share prices have declined late 2024.

This is a great sign for Splitit, keeping in mind PayPal have accepted Shopify/SPT card-linked installments around Sep24. A mature view to accept a business plan where they were happy to accept less revenue per transaction but increase usage.