@Phoebe, just the card reader, the self service terminal is not from Rev I guess. But it can be a good job it Rev card reader can integrate into the self serv terminal. I definitely gib one like to Rev if they can do that :D !!
Bossku was right after all, cash is king. Reason: if you use RM50 to buy something from Shop A, then pay with cash, then shop A owner use that RM50 to buy semething at shop B, that RM50 remains same value, then Owner shop B buy something at market and pay RM50. The amount of of moeny involved with value is still RM50 cash. If use ewallet, imaging, if you go thru so many channel, then need to deduct what ever fee that they call service fee, by the end of the pusingan that RM50 might end up to become lesser than RM50. Ada betul ka?
But hey, we have to move on with techlogy. It's just that how long will such technology will survive before the next technology takes over. At the moment I still shop more than willing to accept cash, cash is still the king la, especially with the opening of economy. I only use ewallet out of convenience, nothing more than that, if it makes my life difficult, ok byeeeeee..... tooo saturated......
red: yes, cash always been better deal for merchant but not for consumer/customer the reason is being merchant usually already include those transaction fee, regardless are you paying with cash,ewallet or credit card. I will swipe credit card most of the time, i earn cashback and some perks from bank, revenue earn commission. As if only use cash, I get nothing in return
red: it is hard to find someone to exchange idea nowadays. yes i fully understand you were refer to cash value, i was trying to express that although the value of cash get diminish during transaction but merchant already include that as part of their costs. :)
As for company, aside of EDC. they are working on local transaction system that not required to route thru Visa/Master network. If that system is up and running i think the revenue it generate might surpass EDC segement.
However, that just my take on this company. With recent drama going on. chances of turning green on share price is very slim. Especially 2 major shareholder keep unloading their share and another has to forced sell due to margin call. With this trend going on, there might be the case 3Ng might no longer to major shareholder in the near future
Will be below ipo price soon. All the way south. Many investors will have to thank pariah eddie ng on this. Don't buy at all this counter as it is another serbak 2.0.
one of the key highlight in the video is, if business is not doin good, you still put on the good show and then scramb. This is more likely what's happening.
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....
Phoebe
455 posts
Posted by Phoebe > 2023-01-11 12:17 | Report Abuse
Thanks redhotpepper. I didn't know McD terminal is by Revenue Group. In that case, their income so be good from McD.