I agree with you that its sensible to keep an eye on competitors...

I agree with you that its sensible to keep an eye on competitors and thanks for your contribution. There will be more than just Paymark appearing in time i would have thought. For now though MNW do have first mover advantage with the current device and its capabilities. MNW have some very savvy software development personnel in their ranks that combined with the overall strategy has placed MNW in a very enviable position. I would expect the current version of Payclip can and will be upgraded in due course to maintain the competitive edge. The recent Company update clearly set out the goals of securing market share in Australia and New Zealand. Their strategy and roll out to date is commendable. I'm confident the same brains who have got us this far so quickly, are aware of and will do whatever is necessary to maintain the advantage they have.