- More than 150 companies applied for the license
- Only 6-8 have got this license till now
- The license will give more power and legitimacy to grow the acceptance base
- Take rate is increasing QoQ – right now it is at 6.9 bps and it will grow from here
- Guidance of 100 bn dollars of processing volume across our payment and platforms business
- It will keep increasing more and more as we move away from this covid period
- Take rates and volumes will go on increasing as we add more and more merchants, as we keep building more and more innovative solutions to go across
- License is constraining the players – that anybody can’t just come to the country and start operating without this nod – so this gives us the additional power, the empowerment from the RBI to actually go out and mass deploy in a safe and growth-oriented manner
- Float Business – we don’t look at that as an income. We keep it with the RBI. It is an RBI-monitored nodal account. We don’t make money on the float. And that is not a core focus area of the company to make interest out of that. Credit is the major focus now.
- I don’t look at the share market. We’re here to perform, to build a large, profitable company – that’s always been the focus of us.
- Even I personally am putting in my personal money subscribing into the warrants of the company, because we are positive about the company
- Past being the past, right now if you see, for people who understand this business, it is all bank-to-bank-to-bank, the GeM numbers we process is visible on the GeM website, we’ve been doing profitable business since the last 20 years, for me in the CCAvenue Payment gateway space, never had any complaints from any card companies, the growth prospects that we have and what we do is very visible to all the investing audience there.
https://www.youtube.com/embed/GRJZ5FiMQX4
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