1Q FY16, page-3

Yes Pods Clipp is the other elephant in the room which they would be very keen to expand here and abroad.

It is a no brainer if they can use this technology to have merchants everywhere with a flash of your smart phone instead of the time consuming credit card which we all know is going to work at the back end in due course, not front with the telco's becoming the new credit providers. No one wants to carry a traditional wallet except me who still has pictures of the kids.

The credit card companies will still get their cut, but in one large amount when we pay our phone account. Just another win-win-win for all.