Throughout the September quarter, IOUpay shareholders followed the companies shift in strategy and key personnel changes. With their new name (previously iSentric) came continuous upside, climbing from 9c to 28c last Friday, notably their 2020 peak.
Our General Manager of Research, Russell Wright, discussed further opportunities for market growth across Malaysia and IOUpay's firm position in the mobile payments industry. The main opportunity lies within the consumer side - in providing mobile payment services to "under banked" customers.
E-Commerce activity continues to rapidly develop across Western economies, and with heavily enforced COVID-19 restrictions across South East Asia (SEA), consumers continue to flock to online shopping.
To learn more about IOUpay's market appeal, read the full Stockhead article here.
