Cirralto hits over 1-mth high on launching BNPL in Whola's marketplace

Spenda

21/10/2021 05:41

** Shares of payment solutions firm  CRO.AX  up as much as
5% at A$0.063 - set for its highest since Sept. 15 
    ** Stock on track for third consecutive session of gains
    ** CRO successfully rolled out its product - Spenda BNPL -
into fashion wholesale trader Whola's marketplace enabled by
Mastercard's payment services 
    ** Says parties entered standard rolling contract with no
fixed term on basis of 30% adoption rate over a year 
    ** Co to receive minimum gross fee of 2% from all
transactions passed through Whola network
    ** CRO forecasts revenue of A$1.2 mln ($900,480.00) per year
to be generated under the agreement
    ** More than 17.2 mln shares have changed hands, vs the
30-day average of ~8.3 mln shares 
    ** Stock up 57.9% so far this year, as of last close 
    


($1 = 1.3326 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com))