I had a read of this document today on the BBPS and what was of particular interest to me was what was highlighted on pages 9 & 10 under the heading #4 Benefits of BBPS. Please have a read.
http://www.npci.org.in/documents/BBPS-Procedural-Guidelines.pdf
Sub heading 4.1 point #3 & 5 has me very interested. Why? Look at where these bills can be paid and via what particular mode! Do people realise the significance here? As of March 2016 there were over 661 million debit cards on the market in India and growing at a phenomenal compounded rate year on year. Bank branches and ATMs are going to quickly have to play catch up here, which should bode extremely well for TSI India in the long run. Current ATM on the market in India 200k. Projected ATMs in a few years set to hit 400k. How many customers are TSI India now serving? Over 500 million. How many bank clients are TSI India now working with? Over 30. Those numbers are staggering and they're only warming up. What are some of the BBPS outlets? Bank branches, ATMs, Kiosks etc. Refer to point #5 on page 9. Do you see where I'm going with this? TSI India have a strong foothold in everyone of those outlets.
Sub heading 4.2 on page 9 point #3 has me very intrigued. Value added services can be added by the BBPOU's in due course. What kind of services? Could this potentially be another potential source of revenue?
Page 12, point 6.1.1 (b) is instructive. No doubt TSI India would have applied for the BBPOU license, but even if they don't qualify they can still become an agent of an existing BBPOU as per point (b). Now, remember the reply Marty received from management? One of the questions I had asked was question #6. Please have a read of that again.
http://hotcopper.com.au/threads/questions.2774858/page-66?post_id=17864038#.V2iOOvl97IX
And people are frustrated by the small pip trading? The bigger picture is what our focus should be on, not daily fluctuations is share price. This is a REAL business with REAL products on the market bringing in REAL money with immense potential across so many sub-categories. Numbers don't lie and anyone who has done the research here would agree that what we have here is an investment like no other at this end of the market.
Tony
