lacks direction

In my view, MNW business model was excellent but it overestimated customers growth. Unless, MNW comes up with another idea to expand its base it would be very hard for MNW to continue on the same growth trajectory.

Please note, MNW recently raised capital and, it may raise capital in future. This means that the kind of support it received from investors earlier would weaken for lack a new direction in the current business model.

MNW must understand that payments via mobile is needed to customers who lives away from cities. Australia is a country where majority of the people live in cities which are well equipped with advanced infrastructure facilities.

In summary, it will have to find another business model with significant focus on Asian countries for its growth.