believe 1: new market SPT targets higher value higher end products. it's different to APT who targets low value products. they are in different markets. let me have a few examples. 1. I don't have much money, but I want an expensive item if I can pay over 2 years, I can afford it. I want to pay monthly. 2. I just want to buy a cheap item worth $100, I can either pay upfront or over a few weeks, both are fine. 3. I am rich enough, I can either pay expensive items upfront or split it into months.
believe 2: market size also, if you search for debit and credit cards uses in australia over past years. the total spend on either debit card or credit card are about equal. assuming debit card users are lower value targets, the credit cards are higher value targets. therefore, apt and apt have similar market size.
believe 3: trust established the market in payment area has been around in both consumer and merchants brain, they don't get worried.
believe 4: leadership ready for expansion the recent news regarding appointments should easily accelerate the growth.
believe 5: i feel like APT is uber, SPT is Taxify. uber is more expensive, taxify comes later and not everyone knows but doesn't stop people from either driving nor riding.
believe 6: S is better than A if you play cards, S is always the best. this sounds fancy.
believe 7: why consumers use deferred payment? financial flexibility. yes, SPT provides flexibility as well so you choose the months.
SPT Price at posting:
$1.35 Sentiment: Buy Disclosure: Held
