I thought Oxipay was doing fairly poorly - given their lack of...

I thought Oxipay was doing fairly poorly - given their lack of retail presence in Australia.

That said, they seem to be doing heaps of deals with NZ retailers which has given me a lot of renewed confidence.

Obviously not as large a market as Aus, but definitely heading in the right direction. The Oxipay NZ facebook page seems to have a lot more activity than the Australian one, which just has some strange, rather irrelevant posts on it.

I am yet to have tried Afterpay's offering or Oxipay, was keen to try it over Christmas - that said I am inclined to think Oxipay is ambitiously valued, especially given that Paypal could easily swoop in - they offer credit in the US and don't need to do as many deals with retailers as they already handle the payments.

But given the vast differences in PE between the companies, if Flexi gets rolling on Oxipay, I see no reason why Flexi couldn't be valued at $3 based off a simple earnings multiple adjustment.