That's my thought as well, as per my previous post:...

First 194 Last

Share
Profile

Follow
aes411

1,632 Posts.

783

01/02/21

11:15

Post #: 50600748
Share

Originally posted by THGH: ↑

@A4paper @NashaNasha

Don't think of it as a staged wallet. Think of it as an international bank account (IBAN).

In terms of marketing to the end consumer, it doesn't appear that strong on face value. I personally think the messaging maybe off, as it doesn't appear to offer much different.

I think the real benefit is to the merchants and my guess is that the merchant will push the FLYKK product. It seems to me that FLYKK will increase the speed at which a merchant gets paid and will eliminate credit card fees for the merchant, all while helping them comply with AML, KYC and Payment Services Directive. It will reduce charge backs and other associated fees. Faster payment to the merchant, means faster despatch of product to the customer and will solve cash flow problems for businesses such as online retail drop shipping.

I do also recall hearing something about new products with regard to Probanx, I think it was to do with employee payment services. My guess is that they want to be able to have the consumer receive their weekly or monthly pay straight into their FLYKK (IBAN) account.

Expand

That's my thought as well, as per my previous post: https://hotcopper.com.au/posts/50577073/single
That seems a good strategy that should work; the only concerns I have are:
- the inactivity fees which could cause users to panic, though not a show stopper
- the signup duration. I thought this would be in the minutes but I think someone earlier posted it took 5 hours to open his account?
I'm still researching and will post if I have any updates.

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply