He definitely said White Label ATMs in October - I wonder if he can guarantee that given only having the provisional approval?
I didnt think he came across very well. Definitely not a great presenter / speaker. I feel like he's happy to stretch the truth.
His response to the hosts comment about unbanked "absolutely, absolutely" was awkward. Then when the White Label question was asked he deliberately avoided answering the question about the license.
The 3,912 White Label that they plan to deploy - he mentioned that they dont need to wait for bank approval - that's great of course. But where are all the ATMs going? It's easy to be prepared to deploy and install and get an ATM cashed up and operational but you need to have a location for them. Do we know where these 4k ATMs are going? (shopping centres, post offices, 7-11, etc). Maybe not in India but in other markets in the past getting the locations is the hardest part and the most expensive as you pay rent or a share of the fees to the merchant / council / etc
FND Price at posting:
$4.21 Sentiment: Hold Disclosure: Held
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