I like the idea. Rewards for using a prepaid card. Not a bad idea. However, again, no mention of what revenue this company is generating. So i assume they're currently not profitable.
Novatti is going to spend more on their advertising.
No mention of how much money will be spent on the advertising campaign.
Hard to form a solid opinion on what this actually means for the company.
But assuming the company is currently not profitable or little so and Novatti is upping the spending on advertisement for the product it's likely this will result in increased losses in the short term. At least 6 months you'd suspect.
Difficult to say anything about post 2018.
Ann: Acquisition of Vasco Pay a prepaid reloadable card offering, page-2
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