Might be a constant stream of new cards on the PAAS Platform going forward, with growth and scale following.
Growth in card numbers Growth in transactions per card Growth in clients
From an earlier ASX announcement 26 April 2022
"US PaaS Client – Rolling Thunder Rolling Thunder Business Solutions Inc. (Rolling Thunder) is a fintech focused on digital wallets and mobile payments in the US, Mexico and other parts of LATAM. With an established and fast-growing customer base of wallet holders and mobile app users, Rolling Thunder will leverage Change’s Vertexon platform to offer cards and other payments to its customers in the US market.
Rolling Thunder CEO, Scott McArthur said, “Our digital wallet, which can be white-labelled, provides a cashless ecosystem that creates a safer, more convenient environment for businesses to accept payments from consumers and to digitally manage their money while substantially lowering operational costs. We are aiming to onboard 125,000 cards in the first year of the program. We chose Change for their experience, technology, global presence, and speed to market for launching a new card program. There are many synergies between our businesses, but ultimately, we are both striving to deliver modern digital payment experiences.”"
And will the on-prem client in SE Asia contract be announced separately to the 4C? Plenty of positive volume suggests good news flow to come.
What does a scaled-up platform look like for CCA? FY25 targets will be interesting.
CCA Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
