Excellent presentation and very enticing performance trajectory. However, I, for one, would welcome much more insight into FindiPay and FND's general push into digital payments. While cash is still proclaimed by FND as king in India (and argued to be that way for a little more time yet), I suspect that there are two classes of ASX potential investors who aren't embracing this narrative:
- investors whose experience is almost exclusively based on domestic Australian retail experiences where cash is almost non-existent; and
- investors with more than passing experience of the Indian retail experience who can see that UPI backed digital payments in India are taking off, primarily amongst the middle and upper middle classes, and that purported longevity of cash on the throne may be propped up by the expansion of 'banking' to the rural poor. The growth in economic activity is disproportionately in the digital realm.
We need to hear much more about FindiPay, and it's potential as a white label or brown label digital payment 'wallet' promoted by banks.
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