SP1 (ASX) Ann: OTCapital transacting via ISXPay Australia

Originally posted by tradealot ↑

Hi Guys

Very pleasing to see this announcement on the second trading day of year.

Not that the announcement is earth shatering, and we knew several announcements for ISXPay were due.

The big things with the announcement is the psychological effect, that's is portrayed to the market. As @Green Hornet mentioned it's a great start to the New Year. It also helps starve off negative sp creep, until further announcements and the quarterly.

Here's a quiet message in the announcement - New memberships to various payment processing companies.

View attachment 902993

Alipay - leader in online and mobile payments - 520,000,000 users - https://intl.alipay.com/ihome/index.htm

Sofort - https://www.klarna.com/pay-now-with-direct-banking/business/sell-with-sofort/

Trustly - https://trustly.com/en/

iDeal - https://www.ideal.nl/en/

Cheers
Tradealot

@Whatknots

Growth = Revenue. These small client signings lead to further industry credibility and further industry talk about how isx solves business problems. This will lead to bigger contracts in the future.

JK has the payment scale worked out to cater for the small, medium and large enterprises. ISXPay won't be short changing themself doing these deals.

Cheers
Tradealot

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Interesting pickup regarding the new payment processors, however it strengthens my earlier point questioning what information the company chooses to announce to the market. At a glance these payment processors offer services similar to Polipost, where the market was notified by an announcement and not delivered subliminally in an unrelated announcement as these were. Granted revenue is a sexier announcement than signing with payment processors however the latter shows ISX is making progress against its businesss objectives.

On your other point regarding revenue and growth, respectfully we will have to agree to disagree. As a new company I have doubts about the number of subscribers that OTCapital has been able to signup given the competitive market they operate in and the fact they have used a white label trading platform and thus have limited product differentiation to offer. Per my earlier post, the limited transaction numbers and payment value will not add much to ISX revenue in the short term.

On the credibility side, yes it does suggest the ISX solution lowers friction and cost for on boarding new customers, however the potential low transaction numbers do nothing to prove scalability or reliability of ISX offering, which in financial markets is paramount to onboarding bigger clients.

Regards