Yep. That's way I'm reading it to. New agreement reset as it appears that PIL are now in control of deploying the app.
The big takeaway from this announcement for me is this new wording from PIL compared to the original announcement in 22.
MASS-SPECC has processed cash withdrawals, bills payment and fund transfer transactions of Php 14.4 billion (circa $390 million) in value up to August for year 2023.
So has the big picture all of a sudden greatly expanded with this new Strategic partner agreement. I mean is the plan now for PIL's bizmoto services in time going to supersede all Mass Specc's current processing structure. (Don't know, but that would be nice)
PIL received an integration payment of around $40,000 in the first agreement, now they are getting around $280,000 in bizmoto managed services, support & maintenance fees, so apart from PIL now taking on control of the end-to-end execution of the mobile technology solution, what else does this payment tell us.
Sounds like Mass Specc is totally on board with PIL.
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Yep. That's way I'm reading it to. New agreement reset as it...
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