The application to the Central Bank of Myanmar for a payments licence is proceeding albeit at a pace slower than initially anticipated. The Company remains confident in the licence being granted. The grant of a licence is expected to increase the achievable margins on payments transactions and enhance our credibility within Myanmar.
The deal with Tencent should bring in some revenue, more remittance channel should be implemented and banking license to come. Have patience, obviously no one wants the share price to drop but it has and all we can do is wait for the company to release some positive news.