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11/03/18
19:44
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I emailed Jeff about this in Nov/Dec last year, short answer nothing is happening will happen with NOV. email him yourself if anyone doesn’t believe me.
And don’t expect any on TSI or business update anytime soon.
Sad times
Only holding cause not worth selling.
Originally posted by Anton
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Any Idea where TSN are at with the NOV agreement from 2017....? Cheers Anton.
Below is from the BAKER YOUNG - RESEARCH NOTE of 19 July 2017
The Novatti Platform - Partnering
India Payments - Transaction Solutions International Ltd Partnership
Novatti entered into an exclusive agreement with Transaction Solutions International Limited
(ASX.TSN) to develop solutions for the multi-billion-dollar digital payments market in India. India is
a highly attractive market as a result of a current legislative push to transition away from a ‘cash
economy’ in order to reduce corruption, increase business efficiencies and tax overall revenue.
TSN is a strong partner with a network of 14,000 ATMs and established relationships with more
than 35 tier-one Indian banks, including the Central Bank of India and the State Bank of India.
The services offered to the Indian market will include::
• An agent based payments and collections network;;
• Bill payment aggregation and a cash pickup remittance network;;
• Digital wallets; and
• Additional mobile banking, branchless banking and cash collection solutions.
According to a report by the Boston Consulting Group, it is estimated that total value of payments
conducted via digital instruments in India will reach US$500 billion annually by 2020, an increase of
approximately 10 times over current levels.
Revenue Model
Novatti will receive a mixture of wholesale and revenue share fees and the revenues will be
dependent on sales volumes.
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