Pottential starting to show... rise on no news then fall on good news. That old chestnut! Doh
Re: RNS A also think the RNS is good. Some have sold out after it, maybe more risk averse investors and don't like uncertainty of selling the payments division. Beacon technology doing well despite some 'experts' being negative on it. Google are investing in it among other big fish so they must expect profits from it. Proxama are well clued in to advancing their presence so I'm definitely holding on for, I feel, an exciting move upwards this year..
RNS Very positive rns this morning, losses greatly reduced in 2015 H2, potential sale of the payments division in 2016 Q2 to fund further beacon expansion, maybe in profit by 2017
So do people think Barclaycard is still using Poxama's CardGateway for their NFC payments ? [link]
17 Dec Proxama is pleased to announce that a leading U.S. financial services technology company, who is an existing client, has signed a new contract to facilitate the roll out of EMV processing services to the clients’ own customer base of financial institutions. Just did a bit of digging and it looks like the contract could be with Fiserv Inc a nasdaq 100 company worth over $20bn. And the client has requested that Proxama continues to provide support and maintenance services and the ability to use other Proxama products such as PIN Manager and Payment Application Manager. With a $1m upfront payment the revenue from this contract could be huge. Also Proxamas Payment Application Manager is used by the Industrial and Commercial Bank of China, one of the largest banks in the world, who are on target to have 100 million cards in circulation under the UnionPay banner who APPLE have just signed a contract with to take ApplePay into China. Could this be another huge income stream ? Todays talk is of a contactless payments system for UK transport systems. Proxama already has a system running in the Netherlands with Trans Link Systems, maybe another huge opportunity in the U.K ? This is just a few of the contracts they have already signed and there are many more. This company must surely be undervalued and could be huge ? Im in and thinking of topping up again
this will never make money as the technology is too flakey - customer take up in tiny..... too risky imho
SP rise could this be related to the positive statement from Paysafe this morning indicating that digital payments are rapidly increasing in more markets and geographies than before. Contactless digital payments and proximity marketing may run on the coattails of Paysafe particularly as the US moves to chip/pin. Interestingly Techinvest commented on it in July 2014 at 7.625p as well as having a holding in his Technology Fund.
Canadian banks [link] news they are talking to the banks bad that they have got a contract. Thoughts?
At Last... Got in at around 5p last year after my girlfriend mentioned off hand that it would be so much easier to tap your phone to make payments. Unfortunately, this was before they announced that 2015 was going to be their big year in terms of contracts and the SP slid until now. So much promise for this company, in a market that will accelerate exponentially over the next few years. Furthmore, the US legislation about chip & pin payments is another sign that PROX really are starting to become heavily involved with two of the biggest emerging tech markets for years to come. Exciting times. Keep winning those contracts. GL
Good news week! Let's hope tomorrow's results brings the same!
Proxama has seen exponential growth in USA Making great progressroxama Continues North American Growth with Executive Appointments and Industry Event Thought LeadershipSee more at: [link] now just need the share price to reflect the progress made!!
15 Mobile Trends to Watch in 2015 See number 3: MOBILE PAYMENTS WILL GROW AS A LOCAL PHENOMENON[link]
Mobile World Congress: Looking Ahead [link]
Apple Pay shows steep consumer adoption curve [link]
Proxama and Aconite Up the Ante! More good news at:[link] it coming!!