Ask Q directly to Ceo (gary froster) and post here, page-121

Hi Scotty,

I think the market is underestimating the SREI deal. The ATM part of the deal is only part of agreement. There's potential for much much more.

Have a careful read of the third dot point on page one "TSI India to showcase its expanded capabilities and adds financial processing and switching to its wide ranging services."

No one here is discussing that the financial processing and switching is going to add another layer of potential revenues (plural) to TSI India's expanding suite of services. Nor the fact that it will increase their competitiveness in the market. If these new layers of revenue are going to be realised through the potential 9000 WLA deal with SREI, couldn't they be extended and realised through their 14,000 odd Brown Label ATMs currently on the market? Now consider what I mentioned the other day re all the devices/programs run that are connected to the National Financial Switch. ALL of the items highlighted below are connected to the National Financial Switch (NFC). In short, what it could potentially mean is that new layers of revenue could potentially be made across ALL of the items below, should the company be successful in moving into any of these new areas.

ATMs
POS
Card Management
Mobile Payments
Wallets
UPI
Common Mobility Card
Toll Collections
BPPS

TSI India are moving beyond just deploying ATMs.

The other day I visited the http://www.npci.org.in/ website to see if I could find any information on the switching transaction structure. There was a document titled 'operating procedures' under the 'national financial switch' drop down menu. My understanding is that this works out to be A$0.30 per transaction or $0.10 for non-financial transactions. What I'm unclear about is what percentage of that figure would go to a 'direct member' and 'sub-member'.

Interested to hear your thoughts.

Regards,
Tony