The parties hereby agree that the Net Revenue generated from transactions carried out using the SeerGate would be split between ********************* at the ratio of 70:30, respectively. Before being split between the Parties, **** shall deduct from the Gross Revenue, direct fees, third party fees and settlement/clearing/network fees directly attributable to each transaction that generated the Revenue, to produce the Net Revenue.
at one time we heard (FB) it would be around .11 / .13 I recall
Giddy up $MYEC
One of the largest financial institutions in Africa, UBA is responsible for the completion of more than 2 million customer transactions per day. With electronic transactions growing in volume, and customer products and services becoming more complex, UBA realized there was more risk of undetected transaction slowdowns and banking system failures taking place.