Sebastian Siemiatkowski

Well, partially because competition is better.

If you take your Amex app in the US and compare it to one here,

it is significantly better there, right?

Your JP Morgan app is significantly better.

So the financial institutions in the U.S.

are just better.

And the problem is that then people try to find an entry point that is probably, for example, very big lending.

And then they, you know, walk into a lot of subprime and they make huge losses.

Or there are other things, right?

So people struggle to find that entry point.

But we have 30 million users in the U.S., right?

Almost, like I think it's 28 or something.

But soon it's going to be 30.

Our card is growing at a very rapid pace in the US.

So your core focus is, can I turn those 30 million users from BNPL into core customer account?

Yes.

And we launched a card in the US, and I have to be careful now because we haven't released the new earnings yet coming next week.

So I have to use the Q3 numbers.

But if I remember correctly, we're like a two, three million active cardholders in just a few months in the US.

So we are transitioning these buy now, pay later customers into full banking relationship customers at a very, very high pace.