Objective Analysis - FY20 Results Presentation, page-9

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    Not sure that's comparable because the growth in the US is much faster. Why? Because APT is spending big on marketing to get ahead of competition in this land grab.

    I'd understand this concern if revenue growth were comparable between the two markets, but it's not. Higher operating costs are driving the large growth in new customers, merchants etc.

    We need to be careful not to isolate and oversimplify individual statistics like this.
 
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