SMP smartpay holdings limited

Rask Investors interview

  1. 3,286 Posts.
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    Nothing on the 4th quarter or financial performance, but quite an interesting chat on how the payments system works in Australia (and the diff to NZ).

    Have always been a little concerned about whether this is a long term hold (given so much change in the payment space plus all the new options like square etc), but the structure in Aus seems to create a bit of a barrier to even some of the big tech companies coming to dominate the space. The other aspect of it is that most cards are issued by the big 4 banks and are credit products, so ultimately any new solution needs to be able to settle with them (so if I've understood what Marty was saying, I don't think even someone like Apple can easy disrupt the market here).

    Anyway, as I said, no financial info, but helpful to understand the business a little better



 
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