What i see here is another ERG , big announcements and not much revenue. There are dozens of companies that offer an attachment to a smart phone to process credit cards. What makes MNW different. Whether the credit card gets processed by a eftpos machine or a smartphone attachment is no different. I dont see stores changing over anytime soon from eftpos unless its using the phone (mobile wallet) itself to do the processing. I will change my view when i see at least $10m in revenue backing up that fully diluted valuation somewhere around 135m at 29c
here another provider of credit cards payments in Aust
http://www.paymate.com/cms/index.php/onthego/resources/registration-guide
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