Q: Goeasy plans to introduce a credit card soon to their existing customers and appointed Patrick Ens who comes from capital one with experience in the credit card market.
Do you believe it could be a significant growth vector for the company if the execution is done properly ? Thank you for your excellent service.
Do you believe it could be a significant growth vector for the company if the execution is done properly ? Thank you for your excellent service.
5i Research Answer:
The credit card business can be extremely lucrative if done properly, and with GSY having a comprehensive platform of lending services, the integration of a credit card will enable existing GSY customers to seamlessly add a credit card. GSY's execution has been great so far, and we feel that this new revenue stream can be significant for the company, but these businesses can take time to materialize, and there is a lot of groundwork still left.