Lan-Ray in Singapore trying to break into the prepaid cash card (PCC) business in China. Equity funds were related to protection Communications Network (PCN), a payment intermediary in Quanzhou, China, with a huge payment network, which contribute significantly to the success of PCC companies could acquire. However, PCN would have to demonstrate profitability before they could get the license to run the PCC business. Jointly ventured Lan-Ray and PCN in the mobile campus e-card business … Read more »

Lan-Ray in Singapore trying to break into the prepaid cash card (PCC) business in China. Equity funds were related to protection Communications Network (PCN), a payment intermediary in Quanzhou, China, with a huge payment network, which contribute significantly to the success of PCC companies could acquire. However, PCN would have to demonstrate profitability before they could get the license to run the PCC business. Jointly ventured Lan-Ray and PCN in the mobile campus e-card business, which was judged to be first to help PCN to reach profitability in the short term. However, the campus e-card business did not prove to be as profitable as expected. At the same time, the acquisition of PCN of Lan-Ray hit a roadblock as the PCN was not ready to transfer shares of Lan-Ray.
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from
Wee Yong Yeo
Source: Ivey Publishing
7 pages.
Release Date: 20, April 2012. Prod #: W12900-PDF-ENG
Lan-Ray Global Payment Services HBR case solution

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