On September 30th, we lodged our Annual Report to shareholders. Below highlights the Operational Overview as shared in the Annual Report. You can view the entire report here.
“Our mobile bill pay and remittance product, AirPocket, is making big inroads internationally with a global telco partnership with DigitalX and Telefónica International S.A.U. Telefónica’s SMS campaign to promote AirPocket to 230 million user devices has commenced. Already, there has been over 5000 downloads of AirPocket, and it’s still early days of the campaign and we are expecting the rate of downloads to increase in the current quarter as marketing ramps up."
"The DigitalX Direct liquidity desk delivered a record year in revenue and profit boosted by strong bitcoin price appreciation, global financial events such as “Brexit” and growth in global trading volumes." “In the last financial year, the decision was made to finalise our bitcoin mining operations and allocate our full capacity to driving the commercialisation of AirPocket. An objective review of our bitcoin mining operations and market forecasts for the space revealed disproportionate capital requirements for negligible benefit to shareholders. These resources can now be dedicated to driving the growth of Airpocket in the critical period of development ahead."
Additionally, on September 30th, we announced a partnership with TransferTo, a B2B mobile payment network connecting financial institutions and mobile operators globally. The exciting opportunity to partner with TransferTo allows AirPocket to have access to over 400 carrier networks across the globe and over 4.5 billion mobile users. The TransferTo partnership expands AirPocket’s mobile top up service to all major carriers across Latin America (and across the globe). AirPocket and TransferTo are currently working on integration and testing to be completed by end of October.
As we enter the year-end quarter, we look forward to the announcement of additional partnerships and features coming to AirPocket. Stay tuned!
|
