I've commented similar, If you didn't know IOU is also targeting Indonesia you should probably read.
Entirely my opinion only & Speculation only.
What im expecting that might come in-terms of news in the near-term
--Update on Soft Launch
--Update on Phone App
--Update on Merchant Transition/New Merchant's possibly
--Possible New Customer Sign-Up Count
--More Partnerships
(The license was needed before partnerships in my opinion, Now that it's signed in expect to see more in my opinion EasyStore is only the beginning)
Personally i think the Soft-Launch is to make sure everything gets tested & once everything is fault free, they can go to those they've been in discussions with and begin further partnerships.
(That's how i would do things personally, Purely speculation of course, not financial advice)
-Taken from Partnership Annc-
--EasyStore with 7,000 Merchants Acrcross SEA, NOW HELPING WITH REFERRALS
--IOUpay and EasyStore
have commenced integrating systems with BNPL
^
"NOT will be commencing",
HAVE commenced'
-You have from the operational update below:
--7,000+ e-commerce mentioned
-- 10,000 in-store merchant's mentioned
You then include EasyStore's ,7000 Merchant's
-Already we have a big reach in my opinion
If you combine those numbers alone, that's an extremely strong base to start from considering the License was only acquired weeks ago.
Any more partnerships/big operators coming on board.... We will have massive exposure and we already have good exposure through EasyStore & All the other Merchant's they have in my opinion.
This Snippet Below, Taken From "Operational Update " Released:
15/12/20 09:39
-IOU Pay Platform & Architecture Enhancements - Core BNPL Platform Modules
COMPLETED
-Web Portal Enhancements
COMPLETED
-Platform Enhancements for Approved Merchants
COMPLETED
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Snippet Below, Taken from
December Qtrly Update
-Consumer Mobile app in both Android & IOS is completing testing as at the date of this Report
So if you combine both snippet's and consider the Update was from December i would speculate that everything is complete if not nearing completion any-day now? Speculation only of course
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Take Note:
"South East Asia Region"
"Indonesia" mentions all over
The company has never once said Malaysia BNPL is their only goal,
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Here's the SEA Market Trend's for ya'll
"Government support for cashless economies"
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Please Note: This post is entirely my opinion only, interpretation of announcements and purely speculation... It is NOT financial advice by any means.
(20min delay)