It is not just a theory. I said in my very first post they are going down this path. It's easy to see. Hold the stock for the next 5 years and you could retire if they execute this plan.
FRX are going to do same in Asia as Nae Banking is doing in Africa. https://nae.global/en/africa-the-leader-in-mobile-banking/ In the case of Kenya, 87% of the population had a cell phone in 2011, while only 21% were customers at a bank. Vodafone already big in Africa. It will be phone based banking. Asian countries who largely cash similar. Flexiroam’s eSIM provides a convenient way to get 4G data instantly anywhere around the world without the need for a physical SIM card. With a first-mover advantage and 400 million eSIM phones arriving in the market within the next 3 years, Flexiroam is poised to dominate the eSIM market. Easy business case with 4.4 Billion people in Asia.
87% of people have a sim card only 21% have a bank. Turn the sim into the bank and allow microbanking. That is why Mastercard is involved.
