RE: Running train does not need push, just relax and enjoy.29 Dec 2024 22:59
@Justice, Have you read the Prospectus? P29
Strategy
With an API license, the Group will operate an online remittance portal (GSend) to enable customers to send cash including internationally. GSend will use corresponding agent networks and leverage on existing bank payment systems (e.g., UnionPay). Target customers for GSend are migrant workers and SMEs. GSend’s revenue model is to charge a transaction-based fee for example for example £4 + 0.5% of the transaction value).
Can't recall anything about 70% cheaper in comparison to the existing system in the financial market, but I wouldn't be surprised given the size of the payments market. Eg, In same document
'While there is limited data to establish that stablecoins will become the preferred mode of payment in the global digital payment landscape in the future, it is important to clarify that stablecoins come under the mobile payment segment. As Finaria.it predicts, the mobile payments segment is set to witness impressive growth, with transaction value surging by 90% to $4.6 trillion by 2025.'
2025? Oh yes that's next week isn't it?
Similarly,
'With an API license, the Group will operate an online remittance portal (GSend) to enable customers to send cash including internationally. GSend will use corresponding agent networks and leverage on existing bank payment systems (e.g., UnionPay). Target customers for GSend are migrant workers and SMEs. GSend’s revenue model is to charge a transaction-based fee for example for example £4 + 0.5% of the transaction value' 😍
GLA, Hang in there chaps, it's coming all IMHO of course.