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7.41%

2.9¢ wisr limited

ZipMoney has and still is an interest free finance provider....

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6,350 Posts.

65

15/03/19

12:00

Post #: 37773203
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Originally posted by Tran: ↑

I see BNPL as a very logical step forward for WZR as it complements its existing business of personal loans and mortgages. In fact, this is how Z1P has evolved into what it is today. They stated out as Zip Money in the personal loan space (up to $30000 personal loan if i remember correctly). WZR provides personal loan from $5000 to $50000. Zip Money customers are sourced mainly from Zip Pay customer pool with good credit track records (Zip Pay is the BUY NOW PAY LATER business) which i believe is a clever way of customer acqusition with low credit risk.

So, it is in my opinion a very relevant and logical step forward for WZR to move along a similar path of Z1P i would have thought.

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ZipMoney has and still is an interest free finance provider. Rather than personal loans, they provided merchants & customers with interest free purchases.

Seriously doubt WZR will enter the BNPL space. What can they offer retailers that APT & Z1P & HUMM don’t offer? Also, the margins are much skinnier than personal loans and losses much higher than personal loans

WZR Price at posting: 7.1¢ Sentiment: Hold Disclosure: Not Held
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