Based on today's QFE Q update as below, since SPT has been...

Based on today's QFE Q update as below, since SPT has been applied as the only instalments provider, should we translate to:
if QFE can maintain their annual run rate of >USD$0.7B, and if 50% of the amount using SPT service, and 1.5% contribute to SPT, then we can get roughly $700,000,000x50%x1.5%=USD$5.25m
Please correct me if I missed anything.


“QuickFee Instalments” successfully launched; already 170 firms signed up
The “QuickFee Instalments” product was officially launched late in Q2 in both Australia and the US.The new interest free, no recourse product will substantially increase QuickFee’s addressable market,while at the same time allow QuickFee to provide payment solutions to low credit risk customers usingpre-authorised client credit.
This was a significant milestone for QuickFee, with the Instalments product expected to significantlyaccelerate QuickFee’s growth, particularly in the US.
Having launched in December, the early traction has been very promising, with a total of 170 firmsalready signed onto the service (70 in US and 100 in Australia).
The technology platform that QuickFee Instalments utilises has been built completely in-house byQuickFee’s technology team, integrating with credit card pre-authorisation technology from ASX-listedfintech, Splitit Payments (ASX:SPT). The build was successfully completed within three months and istestament to the technology capabilities of the QuickFee team.
The QuickFee Instalments platform is expected to provide access to new service industry verticals;QuickFee can now help customers access the advice and services they need from any service provider.
Momentum continues in the US in a volatile environment; early stages ofimprovement in Australia after difficult trading conditions in Q1
Momentum continues in the US, despite a recent volatile political environment and increasingeconomic impacts from COVID-19.
The modernising of the US market and the acceleration of the shift to online payments brought aboutby COVID-19 has continued to contribute to huge growth in platform transaction values, up 161%over the previous corresponding period (pcp) to US$157.4 million in Q2 FY21 (Q2 FY20: US$60.2million). QuickFee US processed US$0.5 billion of pay in full transactional values in CY20, with the annualised run rate now over US$0.7 billion.