I note this comment as part of the press release. MONI shares dropped yesterday as a result of the dilution offfering a good entry point. Its the 8 of the top 13 that drew my attention. The top 10 banks in America represent I beleive over 70% of all transactions.
In North America, the combined businesses following the completion of the Acquisition (the “Enlarged Group”), will provide mobile money services to the widest possible range of financial institutions. A third of the top 50 North American financial institutions (including 8 of the top 13) have chosen our services as well as 100s of smaller and medium sized financial institutions. The Acquisition provides a step change in growth potential for the Company through direct sales in North America. This, combined with Monitise’s existing and unmatched Visa Inc. and FIS strategic partnerships, provides the Enlarged Group with a leading position in the US and three commanding routes to market.
In North America, the combined businesses following the completion of the Acquisition (the “Enlarged Group”), will provide mobile money services to the widest possible range of financial institutions. A third of the top 50 North American financial institutions (including 8 of the top 13) have chosen our services as well as 100s of smaller and medium sized financial institutions. The Acquisition provides a step change in growth potential for the Company through direct sales in North America. This, combined with Monitise’s existing and unmatched Visa Inc. and FIS strategic partnerships, provides the Enlarged Group with a leading position in the US and three commanding routes to market.
No comments:
Post a Comment
Please leave me any comments. I look forward to replying.