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IOUpay Targets Debit-First Americans with New Initiative

Story Highlights
  • IOUpay aims to reach 150 million debit-first Americans excluded from traditional credit models.
  • The company targets $1.8 billion TTV in 24 months by capturing 1-3% of the market.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IOUpay Targets Debit-First Americans with New Initiative

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IOUpay Limited ( (AU:OVT) ) has provided an update.

IOUpay Limited has announced a strategic initiative aimed at reaching over 150 million Americans who primarily use debit cards and are excluded from traditional Buy Now, Pay Later (BNPL) and credit models due to the FICO credit-scoring system. The company aims to achieve $1.8 billion in Total Transaction Value (TTV) within 24 months by capturing a small percentage of the serviceable available market, potentially enhancing its market position and offering new opportunities for stakeholders.

More about IOUpay Limited

Average Trading Volume: 25,281,180

Technical Sentiment Signal: Sell

Current Market Cap: A$38.61M

For an in-depth examination of OVT stock, go to TipRanks’ Overview page.

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