And Airwallex that was mentioned somewhere yesterday in an article (it is still a private company). Admittedly, there is not the critical volume of business in Aus but at the same time there is no incentive from government to develop here. That is, there is no support to get started and when you are successful then tie things up in red tape. Outcome - business goes offshore and australian talent has to follow them offshore. It's always happened this way. A short story - in 1980's I was developing software on a small scale and required some components from US - they would despatch them via Fedex and it cost me $14.95 AUD for them to pick it up at his front door and deliver it to my front door - then the Australian customs(?) would charge me $11.50 AUD to enter the package into their Tradegate system (reading a barcode I presume). We weren't competitive then and even less now.
NEA Price at posting:
$2.65 Sentiment: Buy Disclosure: Held
