In addition to accessing credit at a better rate than traditional credit loan, which is typically one of the biggest areas of stress. During providers, consumers are also now able to think in terms of steady periods of a negative mismatch, consumers are able to take out a monthly payments instead of a lump sum payment. BNPL enables short duration loan. During periods of an overage, consumers can consumers to match their in昀氀ows and out昀氀ows for a broader set of save. The 昀氀exibility of elastic balances enables consumers to have transactions rather than the more static environment of getting a more control in real time over their 昀椀nances. . bnpl value proposition48 Higher conversion Higher AOV +8% +85% +22% +40% +22% +40% +30% +41% +11% +42% number of credit cards and buy now pay later revenue in australia over time49 According to the Reserve Bank of Australia, the number of credit cards in Australia declined by 6.6% in 2019-20, as more consumers turned to BNPL providers rather than credit cards during the COVID-19 crisis 17,000 $800 16,500 $700 16,000 $600 15,500 $500 UD $400 A 15,000 Credit Cards $300 Million $ 14,500 $200 14,000 $100 13,500 $0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Number of credit cards (lhs) Buy Now Pay Later Revenue (rhs) DIGITAL PAYMENT ACCELERATION SHARE VISIT PG 33