At the bottom of the announcement it reads that GHL do 1.5billion MYR payment transactions per month. That is across 6 countries (Malaysia, Thailand, Singapore, Australia, Philippines, Indonesia).
The daeal with FRX is across 3 of those countries (Malaysia, Philippines, Thailand). Let's be conservative and say only 10% of that 1.5billion per month is in those 3 countries.
150mill MYR per month. Or $47mil AUD
Even at a transaction cost of 0.05%, this works out at $23,500 per month.
All speculative numbers but it illustrates that this could be fairly small from a revenue point of view, depending on the costing.
Of course, speculate a 0.5% transaction cost and we are talking a far more significant number.
happy to be onboard here and see where this is heading
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