Tuesday, December 04, 2018 2:25:29 PM
For one, revenue coming from these new cards is substantially higher than 3 Pea's typical prepaid cards (they get revenue from people loading money to them and get money from the additional transactions occurring with these cards).
Also, customer acquisition costs will be low as 3Pea can simply convert lots of its client base from their traditional prepaid cards to general re loadable ones (for example every time someone calls into their call center they can introduce them to the new card and swap them)
Furthermore, this doesn't even include new verticals that the company can go after with these new cards (but obviously the easiest thing is going after its current clients).
We will only start seeing the full benefits of this next year but I expect much more upside to come for TPNL!
Recent PAYS News
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