Business
Buy now, pay later faces day of reckoning: Humm boss – The Australian Financial Review
Rebecca James says the sector faces a big test to deliver sustainable, profitable growth as intensifying global competition sends stocks in the high-flying sector…
We are going to start to see especially if these market conditions remain the pointy end of this BNPL run, she said. My focus has always been on long-term profitable, sustainable growth, and we will continue to deliver that.
Humm is the only buy now, pay later provider delivering profits. It has 2.7 million customers, up 40 per cent on the previous third-quarter, and 20,000 merchants. Around 82 per cent of transactions in the third-quarter were made by repeat customers.
Humms focus is on larger…
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