Limited Current Contribution From PlatformsAnalyst cautions that the growing Platforms business still originates from a low base, so its present revenue contribution remains limited despite future upside potential.
Listing-related Investor UncertaintyAnalyst attributes the muted share-price response to the change in primary listing, suggesting the listing transition may sustain investor uncertainty and weigh on valuation.
Slow Commercial RampAnalyst warns that commercial ramp-up after regulatory approvals can be slow, which may delay the revenue benefits expected from new direct payment connections.