Agree with jlow there, don’t forget we are picking up mcc6211 merchants and there is no-one else in the market to cater for this at the moment. When the new rules (BRAMS notices) laid down by APRA come into effect Oct/Nov many of these merchants are going to be forced to jump.
I’m expecting a string of these types of announcements in the coming months and yes the 1 billion mark will be a nice little milestone!
AIMHO
ISX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
