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Currently in Malaysia and unfortunately, if the payment doesn't go through with a phone tap ... it's because I'm dealing with a Pax pay terminal (at Decathlon, ... ), every single time. Verifone and brands I never heard of pose no problems. Of course I can just use my physical credit card in that case. I know it's super anecdotical but for me this is a red flag, I had a big position because of the insane multiple, but looking to sell now. Their product is not impeccable, it should be in a highly competitive market. Multinational clients like Decathlon will not put up with disturbances at their payment counters.

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There is a much bigger question at stake. Is there even a need for dedicated payment terminals? Why not simply use vendor and seller side apps on your phone - this is precisely how Alipay and Kaspi works at small shops. Also, there is a serious competition from generic PoS/integrated PoS/ERP suppliers that use a PC based hardware. Odoo is a good example of such solution.

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