Extract "The challenge for companies in the BNPL space is that the big players in the short-term finance and payment gateway system have sat back and let these new fintechs develop the market and appetite for BNPL. In essence, they let the new players take all the risk and now the big players are beginning to enter this space.Mastercard, Visa and in the last few weeks' PayPal have now entered this space in the US market capturing more than 25% of the market, which has sent shock waves among the other BNPL players. These big players also have their sights set on the Australian market."
EB
SPT Price at posting:
$1.33 Sentiment: None Disclosure: Held
