VamosMikel, Sneef;Firstly, the world wide integration is quite...

VamosMikel, Sneef;

Firstly, the world wide integration is quite simple. The platform that enables the SPLITIT operating system to work with Credit Cards and to interface effectively with the SPLITIT technology will essentially be offered to banks debit cards on the same basis. There will obviously be other considerations and more red tape in agreements going forward, but there will need to be a quarantining element from card holders savings. Not easy but doable.

Segregation of SPLITIT transactions is easily tracked. The fees will need to be reduced as the usage grows. Merchants will cop the fee as it will be small as things develop. SPLITIT will likely be consumed into one of the lager card offering company's as it is shown to be an integral part of their business and essential to ward off the other BNPL players who use funding warehouses.

As I stated the other day, TSYS and others run a very different offering and compliment the Credit Card company's at this point but is not an all encompassing solution.

You have to understand that SPLITIT are getting their foot into many, many doors. Not just a shotgun approach, but an approach that is slowly energizing the thinking of the established Credit Card/DEBIT Card issuers. Got to go and attend to issues in another company in another exchange.

Watch this space.