IMS 0.00% 69.0¢ impelus limited

Ann: Expands Performance Marketing to UAE and Hong Kong-MBE.AX, page-69

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    Yes, Singapore was and is our beach head. The announcement you are referring to was the hookup with StarHub. This completed MBEs m-payment journey into Singapore. It has relationships with Singtel and M1 in Singapore that have been operating for well over a year now. Moving into Singapore was a requirement to allowing a more seamless movement into surrounding areas. We are seeing that with Malaysia now and hopefully, Indonesia soon.

    More exciting is their expansion into Hong Kong. I have no doubt they'll expand mobile payments there which will eventually lead expanding into china. But this could be a while off (18-24 months perhaps).
 
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