SPT (ASX) Watch This Space

Originally posted by linc1025 ↑

A hell of a lot is going to happen within 6 weeks. China has announced its digital yuan, already piloted and being rolled out, wanting adoption by 2022; America is currently playing catch up in the public eye. Does this play into SPT’s favour becoming a credit based society (which we already are)?
How does this effect transactions? Fintech is a mind blowing space at the moment, moving so fast if you’re not ahead of the game you’re literally old tech and in the bin. (LBYfor example who just announced another capital raise)

With union pay I’m not as excited as I once was, isn’t it only available to the 150,000,000 card holders outside of China? Secondly (and our biggest issue) only available to the cardholders shopping at merchant stores who have on boarded with SPT’s tech? How much market share are we really going to have?
We (in my opinion) need to be on or at every digital payment terminal/gateway WW.

My head hurts. Lol

Expand

https://businesschief.asia/corporate-finance/splitit-partners-worlds-largest-card-network-unionpay

Global payment technology company Splitit partners with UnionPay International, part of China Union Pay, world’s largest card network with 9bn cardholders..
Splitit, a global payment technology company, has announced a global partnership with UnionPay International, part of China UnionPay, the provider of bank card services and a major card scheme in mainland China. This marks a significant expansion into a large Asia Pacific shopper base.
UnionPay International will integrate Splitit into its network, giving UnionPay cardholders and those accepting UnionPay the chance to use Splitit’s installment payments product.
UnionPay has expanded to 180 countries and regions, covering 55 million merchants. Outside the Chinese Mainland, UnionPay is accepted at over 32 million merchants. Over 9 billion UnionPay cards (debit and credit) are issued in 68 countries and regions, with over 150 million issued outside mainland China.

I am a bit confused with these figures. What do they really mean?
Does it mean that these 32 million merchants, the minute that SPT inter grades with Union Pay and assuming they also accept Visa/MasterCard, SPT will benefit as well from increased MSV?

Any thoughts/comments will be much appreciated!