(via NewsDirect)
Floate said: “The signing of this binding term sheet with Capricorn represents a transformational commercial opportunity for
“Over the past five months, we have been working closely with the Capricorn team to deliver a payments solution to enable all Capricorn Members to access eCommerce payment solutions that are powered by
“The terms sheet provides both parties with clarity on the long-term commercial terms including the opportunity for a possible cornerstone investment. This represents a significant partnership for both
“Spenda’s potential to benefit from increased ecommerce volumes on this payments infrastructure, through Capricorn’s 26,000 members and 2,000 preferred suppliers, is significant.”
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