iSentric has realigned their trajectory to further expand into the BNPL Market as they will ask for shareholder approval to rename their company to IOUpay Limited on September 30th. This establishes iSentric’s clear focus on fintech and their rebranded digital payments platform. With an existing digital payments and processing infrastructure, this rebranding transition will be relatively easy for iSentric.
"We see enormous upside opportunity in the BNPL sector with high volume purchase and payment processing for two types of markets. Firstly, those with good credit histories. Secondly, the unbanked consumer sector."
As there is minimal BNPL activity across Malaysia and the rest of South East Asia, the increased demand in e-commerce has created a local market hungry for significant changes within the online shopping sphere. With the introduction of processing capabilities for credit and debit card payments including consumer loan payments and instalment payments, this will encourage locals to divert to the online market as COVID-19 continues to linger.
Read Stockhead's full article here.
To learn more about iSentric, the extensive mobile banking and digital payments sphere:
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Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.
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Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261
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Barclay Pearce Capital | ACN: 671 103 254
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© 2024 Barclay Pearce Capital - BPC | All Rights Reserved
Disclaimer:
Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.