We also need to keep in mind its going to take many years for IBA to generate any meaningful revenue and profit, theyll need to build their ecosystem and build out their payments platforms.
Novatti have already completed this, this process takes up too 4 years to complete, refer to Judo and Volt recently regarding the time consuming and high cost of building a merchant acquiring and processing business ( judo are only looking into this now and looming at building, this is a big cost to their business).
Lets keep in mind this business is launch ready many new applicants arent & will also be some time away from profitability and meaningful revenue.
