SPT 0.00% 7.5¢ splitit payments ltd

Watch This Space, page-1248

  1. 831 Posts.
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    @bene449.....I tend to agree with that timeframe.

    I personally am not expecting anything much from SPLITIT's next quarterly. I am anticipating similar financials, with some continued steady growth in merchants.

    The main reason for me is that the VISA / MC arrangement are still in pilot phase this quarter.

    Because SPLITIT is a integarted BNPL option and not a stand alone credit & BNPL provider (like all others), the overt and rapid 'land grab' and 'customer' expansion of other BNPL's doesnt really apply for us.

    SPLITIT's approach is foccussed on 'partnerships' with merchants and issuers who have customers already, but not about SPLITIT chasing customers themselves. SPLITIT's need to 'expand' into markets itself is also not the same as others. Our expansion into those markets is again of the back of other partners and access to their existing customers, being the merchants, VISA/ MC.

    So, for me the 'partnerships' are the measure as these are the basis and bridge to the customer for SPLITIT.

    I believe the potential for exponential lgrowth is dependent almost entirely on the VISA / MC pilots should these prove successful. At the point these partnerships go live at scale (post pilot) is the point at which we will know and not before.

    So, I intend to agree, and for me it's 2021-22......not next quarter or maybe even one after. Just my thoughts, and here's hoping all goes to plan between now and then! wink.png

    EB
 
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