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The Epass business model is brilliant. So brilliant that it has become a real threat to established banks and financial institutions worldwide.
Sending money for 30 cents instantly across the globe beats any bank charging 20$ to 50$ for a wire that takes 3 to 7 days.
P2P, visa, wire withdrawls, etc. The idea is perfect/brilliant.
Various countries and the established order might not like this for their own personal reasons like monetary control and 'unfair' competition.
Maybe Mallick should sell it to Google.
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