by Travis Johnson, Stock Gumshoe | August 13, 2010 4:05 pm
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Source URL: https://www.stockgumshoe.com/2010/08/august-idea-of-the-month-a-cashless-brazil/
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Dear SG
Mr Fraser at Contrarian says Grid Petroleum will go from $1 to $62. Would that help? Any good?
Liked comment about polishing Feraris. Applies to all those fabulous lists of gains we never get but writers always do.
Max Redlich
Hey Gumshoe,
A bit of a ramble. Several weeks ago NPR ran a story about mobile payment processing in S. Africa via a company call M-Pesa. Turns out that its really a service offered by Safaricom (https://www.safaricom.co.ke/index.php?id=250). (seque) I was reading the financials on Cielo trying to decide how much longer to hold the stock when I found that they acquired M4U (http://www.mzweb.com.br/visanet/web/arquivos/Cielo_ER_3T10_11032010_ENG_VF.pdf) for their mobile payment systems. And I believe we are seeing the same thing happening in the US with alternative payment systems. The point of all this? Mobile payment processing is coming to consumers everywhere bypassing the traditional credit card processors and it looks like Cielo in Brazil and M-Pesa ala Safaricom in Africa are two contenders.
And since I’m rambling a bit, I really appreciate your research, commentary and the personal stuff.
Thanks