It's just the beginning for Spenda!, page-11961

Whilst I tend to agree, as I have said previously, it seems SPX are finally at the point CRO implied it was at 2 years ago with the signings over the past 4 months.

The key though as it has always been and will continue to be over time is the ratio between EFT payments (which only generates 26c per invoice regardless of value) and CC payments. So step 1 roll out and get businesses on board which seems to finally be occurring and then step 2 is have a team dedicated to converting businesses to start using MC or Visa to be transacting. This will take time and plenty of it.

But all in all I think the company is where they indicated they were 2 years ago.

The introduction of B2C terminals as POS integrated with SPenda is logical and was not part of the plan a couple of years ago and could be a real coup in relation to revenues again depending on % of take up though.