CCA 5.71% 6.6¢ change financial limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5

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  1. 410 Posts.
    lightbulb Created with Sketch. 92
    Might be a constant stream of new cards on the PAAS Platform going forward, with growth and scale following.

    Growth in card numbers
    Growth in transactions per card
    Growth in clients

    From an earlier ASX announcement 26 April 2022

    "US PaaS Client – Rolling Thunder
    Rolling Thunder Business Solutions Inc. (Rolling Thunder) is a fintech focused on digital wallets and
    mobile payments in the US, Mexico and other parts of LATAM. With an established and fast-growing
    customer base of wallet holders and mobile app users, Rolling Thunder will leverage Change’s Vertexon
    platform to offer cards and other payments to its customers in the US market.

    Rolling Thunder CEO, Scott McArthur said, “Our digital wallet, which can be white-labelled, provides
    a cashless ecosystem that creates a safer, more convenient environment for businesses to accept
    payments from consumers and to digitally manage their money while substantially lowering operational
    costs. We are aiming to onboard 125,000 cards in the first year of the program. We chose Change for
    their experience, technology, global presence, and speed to market for launching a new card program.
    There are many synergies between our businesses, but ultimately, we are both striving to deliver
    modern digital payment experiences.”"

    And will the on-prem client in SE Asia contract be announced separately to the 4C?
    Plenty of positive volume suggests good news flow to come.

    What does a scaled-up platform look like for CCA? FY25 targets will be interesting.


 
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