Hi sneef; There's plenty of cash around as interest rates in the wealthy western economies are nearly zero with Japan offering negative interest rates. Customers putting funds in the bank get basically nothing. Therefore plenty of cash.
It's all about the multiplier effect of turnover in the economy. Anything generating turnover growth is a protected industry in a way. that's why governments have not regulated BNPL. If they were to regulate, it would play into SPLITIT'S hands and would be a softer regulative landscape.
Therefore as VamosMikel correctly points out that there are good reasons for him suggesting the likely suspects in the "additional merchant funding facilities" scenario.
There is another likely suspect that he hasn't addressed and that is key to what Brad has been saying all along. If you mix the category 'Banks' with 'Cards' what do you get ???
Watch this space.
SPT Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
