The payment terminal business has been publishing weekly transaction value data for over 12 months now which provides a great read through to the opening up of the Australian economy. April last year was the most impacted month with volumes through Tyro terminals down 38%. Now though, the data is starting to comp on the start of lockdown for most Australian’s and for the month of March this year, Tyro saw an additional 40% of transaction value vs March last year. Surprisingly, the company has seen more than double digit monthly growth since October last year, a good sign that both people are getting out and spending in store.
MM remains bullish TYR
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