IOUpay Limited announced December quarterly activities report

Jan 31, 2023

IOUpay Limited (ASX: IOU) announced a quarterly Report & Business Activity Update for the period ending 31 December 2022. During the December quarter, the transaction volumes were lower than the previous September quarter, given the robust result for July. The company’s BNPL business originated transactions with TTV of AU$4,742,346, delivering NTR of AU$308,297 for the period.

The company’s income margin is above the average margin over the past 12 months at 6.5%, indicating acceptance of the six-payment plan. Adequate annualized returns for individual transaction profiles remain within the company’s internal target range.

During the December quarter, the Company reports Non-Performing Loans of AU$304,630 and an NPL Ratio of 0.99%. The Company assumes that the NPL and NPL Ratio remain modest, reinforcing the strong credit quality control strategy.

 

 

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