Paynova: Huge Potential in New Markets
Redeye views the potential for the four new markets as huge, and Paynova is in an excellent position. The partnership with PayPal will let Paynova grow with Braintree's expansion in Europe, and we expect additional markets in the near term. In the note, we elaborate on the potential for Paynova´s Pay Later solution in these new markets, and we raise the fair value.