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clock Created with Sketch. 31/03/20
16:45
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Originally posted by StefanF:
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It's not a perfect competition scenario because who is going to download Openpay, Quadpay or whatever other apps there are out there when they already have Afterpay and Z1P pay (for example)? BNPL customers are stickier than you might think, most have a favourite go-to app and they'll use the alternative if the merchant doesn't offer the favourite. This bodes well for the market leader.
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You've changed my mind somewhat but my concern would still be from the retailer side of things which is more what I was talking about with perfect competition. If they don't offer Afterpay then they will use an alternative, therefore giving less incentive for the retailer to pay a premium for Afterpay's service. Still not convinced but excellent response nonetheless.
