Here are some amazing figures on MBE. I've discovered that MBE has been moving away from Premium SMS Billing (probably due to the tremendous mobile payments opportunity) and stripped out the Premium SMS revenue stream from that business unit to reveal the true growth of one of MBE's main focuses ie Mobile payments.
It shows a growth rate of 114% from FY12 to FY13
This growth rate is very impressive considering that it's exceeding other companies in the same field as well as not coming off as low a base as those peers.
Another think worth considering is that using the same decline rate in the Premium SMS business, almost the same rate of growth occurred again BUT this time over only a 6 month period.
If that isn't impressive enough. Then looking at the most recent earning update, where the EBIT of Q1 2014 was greater than the entire 2013 EBIT, we can assume that this exponential rate of growth in the Mobile Payments business has continued and will continue
