Basically, they are saying the client does ‘x’ gross transactions per year.
ISX has the expertise/technology to potentially service % of ‘x’ and hence we annualised that.
That is dodgy as heck.
That’s like me saying Coles sell $50m worth of cakes a year. I have the capability to produce $50m worth of cakes (although now only selling $1m to Coles) but we will state $50m anyways.
I actually thought GPTV was meant to be the amount of transactions (of which ISX takes a cut) which actually took place and ISX annualised that.
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