Kash is not their program, they supply EDC terminal on revenue sharing..i.e. for every swipe. Since Jcorp didn't buy or paying rent (not sure) then all the risk is on Mpay....that terminal cost few thousand ringgit each.....they must make sure they will be enough swipe every mth to cover their investment and maintenence cost. Now who want to have additional card in their wallet just to pay for Kfc, Ayamas, Pizzahut and few small shop. My Visa Master, my Bankcard or Touchngo can do that.
Hahaha...hope im right...macam boss slow slow masuk... Those who haven't bought can start buy now....those who have bought can start top up now...follow the smart money
Be optimistic. If the management is worry on NPL, they would not have make the move to secure the money lender license. We all know money lender license is hard to be secured and you can see everywhere on illegal money lending business. Market is there, demand is there.
Do you know how much profit margin is for money lending business? Hehehe...
Told already their business model....all in experimental stages....will be some time before you could see money.
Stages; Concept - Approval - Development- Investment - Educate - Promotion - Acceptance - Retail ...then maybe you could see first money....perhaps beyond 2020.
Ini business syok sendiri...don't care about making money and return of shareholder investment......fintech la la....and you financing it... his hobby.
First mover not necessary make money, normally 2nd,3rd are less risky.
First mover has to fight so many battles....Authorities, Financiers, Community, stakeholders, user etc.....need long period of education and promotions.....so long by the time they able to market it...the company already exhausted their resources. The 2nd and 3rd companies has better chance to make it....the ground already flat and they can learn faster from Mpay's mistakes.
They still don't have a strong business to provide strong revenue growth. However, their cash flow looks healthy enough. There is always a potential for them to turn their business into a smaller financial services provider with the money lending licence and utilising the prepaid cards they have into credit card. Will take time to see if they're capable to pull this off.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Pavillion
3,100 posts
Posted by Pavillion > 2017-05-09 11:54 | Report Abuse
Kash is not their program, they supply EDC terminal on revenue sharing..i.e. for every swipe. Since Jcorp didn't buy or paying rent (not sure) then all the risk is on Mpay....that terminal cost few thousand ringgit each.....they must make sure they will be enough swipe every mth to cover their investment and maintenence cost. Now who want to have additional card in their wallet just to pay for Kfc, Ayamas, Pizzahut and few small shop. My Visa Master, my Bankcard or Touchngo can do that.