The Gtel logo as partner is a plus, but is GI processing any of these transactions and are any of them using Gel's store value card is the Question.
Rocky may be able to help me here, But as I understand it GI's transaction processing will be a separate Rev stream, from Profits from Stored value transactions and GTEL"s deal with G cash was to setup transaction processing Plus intergrading GTEL's stored Value program into the G cash program.
That means Some GlobeTel G cash transactions could be being processed by GI but not as GTEL transactions.Thus GTEL could be making money from the GI/GTEL relationship without GTEL/G cash producing a penny yet.
Rocky ??
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Repost from 3/22 This artical shows G-cash is bringing in revs,
Some core B - DD, money xferr rev's may have started?
Globe 'cashes in' on G-Cash
Posted 02:40am (Mla time) Mar 11, 2005
By Erwin Lemuel Oliva
INQ7.net
MOBILE phone operator Globe Telecom recorded close to 2.5 million dollars worth of transactions on its mobile commerce service “G-Cash” since its launching on October 2004, officials told reporters Tuesday.
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Remember GTEL is 1 of many transaction partners!!!
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To date, Globe has also inked deals with 10 to 12 banks for its G-Cash for settlement partnerships.