And just like that Revolut have added BNPL to the super app for their Irish customers.
All the knocking of Klarna is interesting (Barclays have just issued a report with StepChange talking about the deleterious effects of BNPL that conveniently overlooks the impact of overdraft charges and credit cards on consumers) despite all the major banks looking to enter the sector.
No doubt they are leaning on regulators to deliver rules that favour them and impact the likes of Klarna.
NatWest expect to deliver BNPL later this year. You can understand why the banks are keen to knock the likes of Klarna as they must be seeing a reduction in clients using overdrafts and credit cards to make forward purchases.
Interestingly, Thought Machine have just launched Vault Payments, which would enable the likes of Lloyds to launch BNPL without relying on integration with their legacy systems
A lot of algos are programned to sell when a stock drops below 200 day moving average so clearly the decline here has been exacerbated by the high frequency trades.
They are forming the vast bulk of the trades. They can also be programmed to respond to other factors like spikes in the VIX index.
A 50% drop in the SP is odd given that none of the institutional holders have issued notices of reductions in their holdings.
I think you would be surprised how much profit can be made from selling very low cost ingredients like lentils and tofu.
Vegans also need to spend a lot of time ensuring they can get the right nutrients and preparing food so definitely a market for it and they are also targeting people wanting to cut their meat and fish consumption.