Daily Price Movement / General Discussion, page-1020

I agree it’s all about the transactions but I doubt we will see any meaningful growth this current quarter.
My research tells me we are sitting roughly around 2,200 app downloads so far this quarter & that puts them on track for around 3,600-3,800 downloads for this quarter (last quarter they reported 3,527 downloads).
Remember the company announced in their November 2021 AGM presentation that they had already issued 359 loans by 12th Oct 2021. In the last quarterly report they announced that the total amount of loans issued since they started = 800, let’s be generous and say that 400 of those loans were issued last quarter.
The actual conversion rate of new registered agents taking out BizmoPay loans is very low at the moment. Especially when you consider that a good chunk of those loans were most likely from existing agents. I would guesstimate that the conversion rate for the last quarter would be somewhere between 5% to 10% of new registered agents actually took out BizmoPay loans.

Im sure they are well aware that they need to get that conversion rate up and working on it. I’ll feel better when I see 10, 20 or 50k downloads per quarter along with seeing the Bizmoto app consistently sitting in the top 50 business apps rankings in the Philippines (that would require not just downloads but user interaction as well)


Just my opinion