Lynx Global Digital Finance Corp C.LYNX

$LYNX- one to watch

[maysilverstone]

$LYNX, a company that focuses on banking and fintech relationships in South East Asia and Oceania, has been on my watchlist for a while now. I recently found this bullish article on the ecommerce market in the Philippines, here are some highlights:
 

- Southeast Asia emoney transactions reached USD 26 billion in 2019
 

-The Philippines, which mostly functions as a cash-based society, remains an outlier in the region, providing an opportunity for companies to break into this new market
 

- Biggest challenge is that 71% of the adult population remain unbanked but there is still a shift towards mobile/electronic payments. The number of active emoney wallets rose 4x to 8.8 million from 2017 to 2019.
 

- The ability to accept a variety of payment options, including cash, will help ecommerce merchants succeed in the Philippines and open up more opportunities in Southeast Asia
 

$LYNX recently announced their partnership with Pipit, which will provide DA5 the ability to leverage over 320k integrated physical cash-in/cash-out settlement facilities and locations at post offices, kiosks, ATM's, agent and retail locations throughout North & South America, Europe, Africa & Asia. Without the need of a bank account, the unbanked now have the ability to send/receive cash, make payments, send remittances, and load an ewallet.
 

Currently at $1.15, $LYNX is one to watch in the Fintech space.
 

https://thepaypers.com/expert-opinion/the-next-great-ecommerce-opportunity-lies-in-the-philippines--1249012?utm_campaign=2021%20Asia%20Market%20Expansion&utm_content=167369656&utm_medium=social&utm_source=twitter&hss_channel=tw-827247033190801408