They probably use some licenced banking infrastructure skimming part of the full margin. They can use their own infrastructure when they have a banking licence to avoid an extra layer of skimming. Overall industry skim rate is approx. 1.5% & is split between licenced & non-licenced operators with the bulk going to the licenced operator.
Same applies with Visa/Mastercard acquirer licences. PC mentioned they were previously making 0.6% or so of a total 1.5% margin but now it will be about 0.9% NOV + 0.6% third party as NOV will be the principal licenced acquirer. NOV must be currently using third party acquirer licence. Fintechs without acquirer licences can then use NOV & make their 0.6% margin like NOV used to make while NOV will make the higher 0.9% margin. NOV already has an issuer licence which is different from an acquirer licence due shortly.
Overall where NOV's split of the margin was about 35% it will increase to about 65% with the licences. So instead of making 0.6% they will be making 0.9% resulting in increase of 50%. If it applied to their entire revenue it will result in a 50% increase from say $20M run rate now to $30M run rate but I don't think it will apply on every revenue stream. If $5M of the revenue is affected it will result in an extra $2.5M revenue etc. The consistent 50% YOY revenue growth should rise with increased margins adding to revenue.
- Forums
- ASX - By Stock
- NOV
- Ann: S&P DJI Announces September 2021 Quarterly Rebalance
Ann: S&P DJI Announces September 2021 Quarterly Rebalance, page-19
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NOV (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $24.54M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.6¢ | $13.1K | 194.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29626 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 207741 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29626 | 0.067 |
1 | 10000 | 0.066 |
4 | 36684 | 0.065 |
1 | 110000 | 0.064 |
1 | 47619 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 7741 | 1 |
0.079 | 50758 | 2 |
0.080 | 220000 | 2 |
0.083 | 29999 | 1 |
0.084 | 100000 | 1 |
Last trade - 15.59pm 03/10/2024 (20 minute delay) ? |
Featured News
NOV (ASX) Chart |