GREY:FGBDF - Post by User
Post by
banxon Apr 27, 2017 7:24am
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Post# 26172572
HARD TO FIND A HIGHER MARGIN BIZ THAN DIGITAL REMITTANCE
HARD TO FIND A HIGHER MARGIN BIZ THAN DIGITAL REMITTANCEPretty simple math...pretty big math.
Don't let the numbers scare you--lolol.
The reality is the LianLian WeChat deal could be the biggest deal ever done in the small cap space...to date.
Perhaps FGD will work on something even bigger?
First Global Elaborates On Their FINTECH Remittance Business Model
It is estimated that the average remittance amount from North America to China is $2500 per month as outbound remittance.
There is a revenue share consideration with LianLian for the estimated 1% foreign exchange spread on the $2500 per month average remittance, in addition to a shared remittance fee per transaction.
The goal is to ramp up to a 1% penetration factor of the 100 million registered users in an accelerated sales cycle.