Hopper58 schreef op 5 juli 2024 14:42:
Ik was op fietsvakantie zonder PC en luister daarom nu pas naar de Conf. Call van eind juni. Blijkbaar was de groei van PayU in India slechts 14 % door een tijdelijke blokkering van klantenaanwerving. dit is veel lager dan de historische groei. De CFO Basil hierover:
'BS Thanks, Ervin. Thank you, Nadim. Good to hear you. So the impact of the embargo
was significant. So, overall, the PayU business grew 38%. As you will have seen
historically from the performance of prior years, India normally leads the pack in
terms of growth.
This year, the core PSP business, sorry, last year, only grew 14%, one-four per
cent. So that is a very low level of growth.
And to deliver that growth, they've had
to discount quite meaningfully to a whole lot of the merchants that they have,
because they can't replace them. So the impact has been very, very significant for
India in the prior year.
It's going to take time.
We've only received the licence in principle now. So now, it
takes time to tie in the new merchants who want to use our platform and use our
technology. And we will build that in the first half of the year, and then hopefully,
you will start to see momentum picking up again. '