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发表于 2021-2-17 17:20
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CRO
14/12/2020.
within the eight weeks. This implementation will improve the customers
The BPA complements the BPSP agreement and also enables an increased margin of up to 40% on all
digital payments where Cirralto is processing transactions between two businesses, being a retailer /
or retail service provider and its suppliers.
BPA technical implementation is already underway and is expected to be completed within the eight weeks. This implementation will improve the customers onboarding journey, AML / KYC delivery and
when completed will improve the Company’s transactional margins from Q1 2021 onwards. The
Company will continue to deliver services under its existing arrangements whilst these changes are
delivered.
The agreement commences on December 14 for a term of 12 months. The agreement automatically
renews unless terminated. The agreement can be terminated by giving 30 days’ advance written
notice to Cirralto of material breaches of the Agreement that are not remedied within 30 days of
receiving notice of it. Material breach includes fraud, excessive chargebacks, material change in
operations or insolvency.
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