Agree, the banks have not harmed the other BNPL players, yet!! But the banks know their customers very well and set limits with funds having to be repaid in a 6-week time frame, so not a lot of risk for them. They also have every merchant on board as their BNPL is an extension of the cards so no cost of merchant acquisition.
My questions are:
1/ If need be would a consumer default on their bank BNPL or Zip etc?
2/ How many ZIP investors would invest again today at any price knowing what the competition is and what is coming from Apple with $55.87 B in the bank? Apple users do not tend to rent in the poor end of town. Wide sweeping but true.
Agree, the banks have not harmed the other BNPL players, yet!!...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |