Maybe, but aren't the card spend and deposits cumulative? If they are, this could explain it.
Be better to see -
- New user card spend (last quarter)
- New user deposits (last quarter)
New user - newly registered user in the previous quarter. Could then break this down by organic vs referral.
etc...
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-20
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| Open | High | Low | Value | Volume |
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