Business
Zip, Sezzle brush off PayPal concerns as shares savaged – Sydney Morning Herald
The chief executives of Australian buy now, pay later companies have batted away investor concerns over payment giant PayPal’s entry into the sector.
“The faster BNPL grows and succeeds it will inevitably attract new competition and/or regulation, that will either reduce the economics currently enjoyed by participants, or limits their long term growth potential,” UBS analyst Tom Beadle said.
However, Zip chief executive Larry Diamond is confident the company can outmanoeuvre the “payment elephant” PayPal.
“[Zip’s] insatiable appetite for what’s better for users, our deep and ongoing investment in innovation and ability to move quickly – tha…
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