Flexiroam Selected by Big Four Australian Bank for Premium Cards
Key points
- Selected by a Big Four Bank: Offers global data roaming on premium credit cards
- Recurring Fee on Every Eligible Card: Earns annual fee for each eligible card
- Mastercard Channel: Benefit offered through partnership with Mastercard
Full summary
Flexiroam Limited has partnered with one of Australia's major banks to offer global data roaming as a complimentary benefit on its premium rewards Mastercard credit cards. The bank funds the benefit, and FlexiRoam earns an annual fee for each eligible card. The partnership is expected to generate approximately USD 140,000 (A$200,000) annually. This collaboration validates FlexiRoam's travel data benefit in the Australian premium credit card market and demonstrates its partnership with Mastercard delivering recurring revenue.
Guidance
Annual fee revenue of approximately USD 140,000 (A$200,000) per year from eligible cards
Outlook
Flexiroam sees interchange reform as a structural tailwind for its benefit in Australia and potentially in other markets where interchange is capped.
Summary generated by a large language model. Please interpret with care.