growth business required - buy a bank, page-18

not long now before these wallets open up the banking system.Vodaphone must b very excited having their wallet ready,while thodey can't control his excitement over the new tls bill layout.A qoute from cards and payments korea 16/10/2010 "south korean TELECOM companies are trying to enter the financial services market in search of new growth sources" just 1 example korean telco kt corp paid around 18b for a 20% share of a credit card processing co.this quote applies to all countries excluding australia.For around 8 years korea like japan {but no bank vertical intergration yet}has their own domestic wallet network,but now nfc has made it global,so whether u like it or not its going to b a tech/telco/banking future made clear by our banks concerns.unfortunately i c optus as the preference to a take over to tls,but imo tls and most hc members will b dragged kicking and screaming into the banking sector,tls with a new board,can't wait.