Also worth noting that there’s no point PIL trying to scale up rapidly right now, they need to wait until they are 100% ready, at least have a couple of the deals like ECPAY/Cebuana/GCash go live first so new agents aren’t put off by not having the convenience of thousands of cash in/out locations.
I’m certain they would have a plan in place (with help from Aidan Montague) to flick the switch when they are ready to scale up rapidly.
2022 will be the year everything comes together for PIL.
Ann: Proposed issue of securities - PIL, page-5
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