TSK - TASK Group Holdings

[forest]

[QUOTE=Balance;796401][QUOTE=forest;796396]

Paint us the scenario then of how PLX clips the ticket on a payment system - without McD being involved - bearing in mind that payment systems like Etfpos, Credit Cards, Applepay, Alipay etc etc proliferate already. These companies have the scale and the credibility & add value to McD in that McD needs them to facilitate sales - what has PLX got?

Eftpost, Credit Cards etc as you say have scale and credibility and facilitate sales. That is usefull but that is all they do.

PLX is working also on scale and credibility, but PLX is also working on creating repeat purchasing through the use of their app's.
The ability to stay in contact with the end customer is what appeals to the companies and is the feature the companies do not have with their current payment facilitators.
Many of us already give our utility companies access to our accounts to pay bills, it would be a logical step if we give companies (maybe through a third party) access to our accounts.
What could be easier, order a burger on a app and payment is automatic.

[forest]

PLX CEO Craig Herbison has a some banking experience which is more than likely helpful with payment systems if they go that way.
See below.

Craig Herbison is an internationally experienced leader with over 20 years of digital and brand marketing, business transformation, sales and corporate leadership experience. Originally qualifying as a barrister and solicitor in 1990, Craig then moved into the advertising industry. With the emergence of digital marketing in the late 1990’s, Craig worked in Web development and in digital agencies in New Zealand and the UK.

In the UK, Craig led the digital marketing launch of the world’s first 3G mobile operator ‘3’ and ran the digital and CRM Vodafone relationship globally for WPP. He returned to Australasia in 2006 and worked in corporate marketing roles for Vodafone regionally, Sensis and led the brand transformation of Telecom NZ to ‘Spark’ a few year ago.

In 2011, he joined the BNZ executive team as its first ever CMO and assumed an expanded role in 2014 running BNZ’s retail, small business and insurance businesses. During his tenure, he took BNZ back into mortgage brokers after an absence of twelve years, which produced $1.1Bn of new lending in the first year. Craig was responsible for 2,500 staff and 174 retail stores at BNZ. Craig was also previously a director of Loyalty New Zealand, the operator of Fly Buys in New Zealand.

[Justin]

Thanks forest , very impressive experience of CEO, I saw somewhere in their presentation, they already start doing payment system in their MCD Japan Apps

[forest]

Thanks forest , very impressive experience of CEO, I saw somewhere in their presentation, they already start doing payment system in their MCD Japan Apps

You right Justin, payment system already in place in Japan. This is also confirmed in yesterday's NZ Herald article named "The great Kiwi company you've hardly heard of".

Must read if you think this company has not changed its culture.

[whatsup]

Bal have you read the Sat N Z Heralds article, comments please ?

[Brain]

In the Herald article Herbison states that the staff levels have changed from 30 to 120. Of the original 30 only 6 staff were retained. On that basis Herbison certainly seems to be focussed.

170 million users currently and investment so that the platform can serve 500 million people (7% of the worlds population) is also of interest.

[winner69]

Bal have you read the Sat N Z Heralds article, comments please ?

Still choking on his coffee after reading it .....and recalling the time when SMS said they were accessing 5% of the worlds population ( or something like that)

[Oliver Mander]

Thought I'd post the link to the article. Suffice to say, I agree with it .
Only thing is, its 2,745 stores in Japan that have adopted the payment system (not 745).
But yes, Herbison's commentary around culture are very relevant. Was a good line of inquiry.
https://www.nzherald.co.nz/business/...ectid=12314435

Disclosure: author

[whatsup]

Im picking that this article was written up in the Herald as a update in the business plan to give a honest state of the rebirth of PLX as against the constant down ramping from BAL ! , comments please BAL ( and truth only ) ?

[Leftfield]

Thought I'd post the link to the article. Suffice to say, I agree with it .
Only thing is, its 2,745 stores in Japan that have adopted the payment system (not 745).
But yes, Herbison's commentary around culture are very relevant. Was a good line of inquiry.
https://www.nzherald.co.nz/business/...ectid=12314435

Disclosure: author

Well done Sylvester Cat Author and Journalist. Good to get an this update.