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Scalapay divides a purchase into N smaller installments, with no fees.

How are they going to make money?

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/

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.

>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.

Well when I watched the big short, they said that house mortgage is the safest investment ever.

House mortgages are not capped at $2k and repaid over 8 weeks...

That was a great article, thanks.

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