More risk to splitit as PayPal pops up. CEOs all welcome the competition. Umm really!? First thoughts are not good. Could this dilute any benefit of the Visa and MasterCard deals? How will it affect profit margins and the speed to profitability? PayPal is a massive, profitable business. Do they have the ability to squeeze the likes of SPT out of business or is there room for all?
The bnpl market is big and most likely will grow. PayPal offer a cheaper version of Afterpay from what I can see and they are targeting the small end $30 - $600.
Splitit are targeting the bigger end of $1000+. I don't really know how splitit plan to use the credit card deals but if they can get it right then many a washing machine may be bought through their offering. Happy to keep holding SPT but nervous.