TLS telstra group limited

Where to now for long term investors of Telstra, page-9234

  1. 9,912 Posts.
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    GR,my understanding is they r working together but not on a payment app,the more payment app alternatives for the banks the better for the banks..
    I haven't kept up with payment apps,but who ever has the best payment app will win their % of the new banking war.Example apple will imo get their approx 25% of the credit card australian usage and receive commissions from any australian banks including the big 4.That gives apple strong negotiating position and why the big 4 asked the accc if they could form a cartel,lol the accc said no.
    Then u have the other US and chinese tech co's.
    I'm not sure what app tyro uses,but like all new banking tech entrants tyro ,facebook,amazon,apple,alipay sony will b offering full banking services with out the old costly baggage and why i don't like the banks.
    Tyro i was aware of but still unfortunately didn't buy in when it dropped to approx $1.
    Tls should fill the gap and give the banks the option of providing their customers with a tls payments app supported by the strong market power tls's customer base provides.
    .
 
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