Are new payment technology startups really displacing incumbents
Brendon Lau
Vantage Point Partners
Are new payment technology startups really displacing incumbents? In the longer-term perhaps, but one wouldn't be able to tell from the share price movements with just about all new payment tech companies suffering big losses while Visa and Mastercard enjoying 9% plus gains in overnight trade on strong transaction growth. Local bank shares are also outperforming while Mint Wireless (MNW), eServGlobal (ESV) and 99 Wuxian (NNW) are down over past three months. Even over the longer term, these shares have not outperformed payment giants Mastercard and Visa, which are up around 200% (see chart). This does cloud the risk-adjusted attractiveness of emerging technology sector.
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I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or recommendations. I may own securities mentioned in my blogs and seek to do business with companies listed in my write-ups.
Brendon Lau
Associate Director - Investor Relations
Vantage Point Partners
I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
Expertise
No areas of expertise
Brendon Lau
Associate Director - Investor Relations
Vantage Point Partners
I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...
Expertise
No areas of expertise
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