Good thing IOU is already making $3.71mil for the half year ending Dec 2020 and up 7.35% on prior year.
The entire $3.71mil revenue does not include any BNPL revenue as IOU is only set to launch its BNPL offerings in April next month.
Breakdown of the $3.71mil revenue comes from our Mobile banking ($2.8mil) & Digital payment divisions ($700k) - the digital payment division is set for huge growth in revenue this current quarter and beyond with IOU being flushed with $55mil cash now.
And you were saying something about CBA and BNPL...what's your point ? If anything it highlights IOU's strengths with our close partnerships with many major banks and highlights Afterpay's looming competition it faces from CBA.
IOU is a financial services business that serves the banks, big corporates and utilities - it does not directly compete with them.
CBA - BNPL Disruptor, page-3
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