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A comment on Italy gets its first unicorn as Scalapay raises $497M from Tencent. Parent comment

Re:Italy gets its first unicorn as Scalapay raises $497M fro... by theodorton on Thursday February 24, 2022 @07:03AM (#30453752)
patio11 wrote a really insightful blog post earlier this year on Buy Now Pay Later business models.

https://bam.kalzumeus.com/archive/buy-now-pay-later/

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by eunos on Thursday February 24, 2022 @07:17AM (#30453824)
I'm concerned if BNPL practice flourishing because it's quite easy to trigger systemic crisis later on. Also quite ironic Tencent funded them, Ant group was whammed by Chinese Govt because they were promoting BNPL on scale.
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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by AussieWog93 on Thursday February 24, 2022 @08:16AM (#30454261)
>I'm concerned if BNPL practice flourishing because it's quite easy to trigger systemic crisis later on.

Genuine question - how would that work?

BNPL companies tend to have pretty low limits and demand repayment fairly quickly, so I don't think it could lead to a GFC-scale bad debt situation at the very least.

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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by eunos on Thursday February 24, 2022 @09:16AM (#30454929)
Well when I watched the big short, they said that house mortgage is the safest investment ever.
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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by AussieWog93 on Friday February 25, 2022 @01:50AM (#30464348)
House mortgages are not capped at $2k and repaid over 8 weeks...
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Re:Italy gets its first unicorn as Scalapay raises $497M fro... by gpderetta on Thursday February 24, 2022 @07:49AM (#30454036)
That was a great article, thanks.
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