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FraserJC

4,263 Posts.

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27/08/19

15:18

Post #: 40175834
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Originally posted by jlo2012: ↑

@thepylee

ISX have not updated us on contracted GPTV for some time now, they have instead been providing actual processed GPTV volume through the network.

But what they have updated us on is the number of approved merchants for acquiring.

As of December last year that number was less that 20 merchants I believe. Those are the merchants that make up the previously quoted $880mil contract GPTV figure, of which we know is only 25% of each of those merchants actual annual volumes (so they are actually somewhere closer to $3.5bil total capacity).

Fast forward to 30 June and ISX have gone from sub 20 approved acquiring merchants to now having 80 (likely more again now by the end of August).

So that $880mil GPTV was from less than 20 merchants, they now have more than 80. Would love to know the contract GPTV for all 80 merchants but even if you are conservative (not knowing the size of the additional 60 merchants) and multiply that $880 mil by something less than straight out x 4 (as there are now 4 times as many merchants) it is still an impressive number.

Yes, lots of potential some of which is already in line waiting to get onto the ISX network.

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ISX Price at posting: $1.06 Sentiment: Buy Disclosure: Held
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