That was a refreshing Q update. The company remains profitable and is growing!
Would have been great to know: - which business sectors are driving those open banking volumes - if card revenue is declining vs open banking and other instant payments
Open banking and SEPA instant payments are more secure than cards.However, cards (credit cards) have a key advantage over instant payments: access to credit and we know consumers love credit. Merchants hate cards as service fees are higher and on top of that additional costs to implement safeguards against chargebacks.
Since open banking is being driven by policy, I think eventually banks will provide open banking access to credit accounts, not just debit.It's a long road ahead but the future is looking bright for ISXF. The FedNow service launching this year should be exciting too.
Thoughts anyone?
SP1 Price at posting:
$1.07 Sentiment: Hold Disclosure: Held
