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Mobile banking is the main means of commerce in certain markets and Vipera may well make hay
Thursday 18 May 2017 Author: David Stevenson

Interest is building in mobile financial services specialist Vipera (VIP:AIM). Its shares have increased in price by 56% in just over a month to 6.25p.

Vipera secured its largest contract to date in April worth $2.4m. It generated €7.9m revenue in 2016 and a €1.5m pre-tax loss.

Mobile banking is popular in emerging markets which simply don’t have the infrastructure for retail banks.

FinnCap says Vipera has an €8m+ pipeline of work on top of the recent contract win.

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