Didn't initially pick up the bit about 2,800 "selected" merchants for 2021 and the rest for 2022. I would just imagine they would be picking highest revenue and transaction merchants to start with. Good thing is this is immediate, so they should be getting early revenue from May and we'll see some of that posted in Q4 ANN.
Great thing about this is it has been declared "Price Sensitive", because this is someone who was not announced previously, so it's an added bonus to what we already have. Hopefully with hard launch in Malaysia in the coming week or two, all the bugs will have been fixed, so this gives them more sales leverage with any other payment gateways to offer their BNPL services.
Another little snippet from that announcement in regards to who they have installed POS systems for"This includes rollouts for clients such as Alliance Bank, Bank Islam, Bank Muamalat, GRAB, AliPay, WeChat Pay, U Mobile and Sinopay for their acquiring of China Union Pay transactions"Some interesting names there!
Just another little push of pressure on the stock price. In the next 3 weeks we might expect some other ANNs for hard launch confirmation, first real news in prepaid inventory and what it is doing to the bottom line and Q3 ANN. Lots of positive stuff still to come this month
IOU Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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