SP1 0.00% $1.07 southern cross payments ltd

Good news for shareholders moving forward ISX AGM December...

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    Good news for shareholders moving forward

    ISX AGM December quarter trading update and guidance upgrade Highlights: • iSignthis has seen an increasing number of merchant clients “go live” in the December quarter. • Transactional volumes, a key metric for KYC & processing platform useage by our merchant clients, has seen continued growth. • Settlements book annual Gross Transaction Value (GTV) forward commitments have increased from the previously announced $69m to ~$75m pa. • Average net margin of 0.92% on GTV (up from 0.85%) plus a fixed fee of $0.24/transaction processed. • Paydentity™ service contracted by majority of merchant clients, in addition to GTV commitments. • Transaction volume guidance for the December quarter have increased from the previous +30% QoQ, to a revised +40% to 50% QoQ Melbourne, 28 th November 2017 – iSignthis Ltd (ASX : ISX | DE : TA8), the world leading RegTech for identity verification and payment services, is pleased to announce the following trading update and guidance upgrade for the December quarter. John Karantzis has made the following statement at todays AGM: “Based on the current qtr to date transaction volumes from existing customers, we are pleased to provide upgraded guidance for the December quarter. Guidance for the Dec qtr has been increased from the previous 30% increase in total transaction volumes QoQ to 40-50% increase in total transaction volumes QoQ. We look forward to announcing more customers going live over the coming weeks and months.” About iSignthis Ltd (ASX : ISX | DE : TA8) Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX : ISX) is the global RegT
 
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