$1 Club, page-6869

Are they actually getting market share though? Most of these companies go after Singapore first because it's the easiest. They're all competing in the same space and only just starting to tap into Malaysia which is the next boom location. To provide these services in Malaysia they'll need to be granted a license, partner with a licensed company or acquire a licensed company.

Grab is the only one on the list that is of any real concern and many reports have stated that they are offering the service to select customers based on financial data that they have collected over time. IOU is getting data sources from multiple non-bank service providers. which will enable them to have a sophisticated analysis on consumer behavior and spending.

I get the disappointment with the share price but this is a sleeping giant about to wake up in my opinion. When there's no talk and no announcements that's when I think the most is happening. Out of the blue we got news of the licensed company acquisition. There was no pre-acquisition posturing like other company's. I think we need to get used to expecting the unexpected with this company.