It’s looking more and more likely in my humble view that Marqueta will use the Nov banking license for routing payments And give Nov a fee. They want to avoid the banks and current routing networks and scoop up the fees themselves, at a lower rate of course, due to not having expensive legacy payments systems. The banking license will give Nov the opportunity to facilitate this process.
The government I think sees the change in spending and has given up on eftpos and bpay being the answer to lower fees for payments and is about to open it up to all to reduce fees for the merchant. There is plenty happening behind the scenes here.
P.S I have doubled my holdings.
DYOR, just my thoughts.
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