Australia's largest stock trading and investment forum Australia's #1 stock forum

SYT

0.00%

0.1¢ syntonic limited

"And you guys are worried about the SP to do a credit...

First 3065 Last

Share
Profile

Follow
banksy808

4,125 Posts.

362

03/03/19

19:00

Post #: 37636658
Share

Originally posted by Pizzas4: ↑

Current business transactions worldwide are 25 trillion dollars annually. The majority are in cash. Payment gateways generally only can service those individuals with access to the big credit cards “rails” like Visa or MasterCard or through a store front.

Coming soon, anybody with a mobile phone account will be able to deposit cash at a local general store wherever they currently top up their mobile phone accounts and use their account or wallet as a debit card to access purchases through the mobile internet and have access to a global market place.

No longer do they need to have access to a bank and therefore the telcos will have an additional revenue stream, disrupt banks and access revenue from people doing commerce that are currently inacccessible to the credit system. They will start to profit from the infrastructure they provide for others and it will be revenue accretive for those networks,

And you guys are worried about the SP to do a credit raising! Think about the synergies for an Apple Pay or Google pay (for example) and the potential for a telco JV (or a new MVNO) to Access the current cash based purchases as we move to a cashless society. They could also link this to the current rails in the future as well.

Maybe our management aren’t smart enough to see the value in their tech or maybe you are not smart enough to understand the strategic plan of our management!

Are you guys really that small minded that you can’t see the potential of this opportunity or do you prefer not to and just enjoy having a whinge?

Expand

"And you guys are worried about the SP to do a credit raising!"

Not sure they could get a loan, they give loans out to get business.

More like capital raise

SYT Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 925 more messages in this thread...

First 3065 Last

Add SYT (ASX) to my watchlist

"And you guys are worried about the SP to do a credit...

Top Stories

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News