Laurent Le Moal

Look, the story there was NASPERS is, as I said, you know, one of the biggest investors.

And they've got participation in TV, in classic media, in e-commerce like Flipkart, Tencent and so on.

And then they are this payment company.

And the whole story was, well, look, we've got this payments company, you know, in high growth markets.

Is there something bigger that we could do with it?

So the whole discussion for me was like, look, I think you are in the right market.

This is where the growth is coming from, okay, in the next five years.

These are markets that U.S.

companies truly struggle to understand and really get access to.

But you need to do something much bigger, and that's financial services.

So I joined really NASPERS and PayU on the basis of I'm going to manage that payment business but transform it into a financial services company.

Got it.

That's what we're doing.

Yeah, so actually we finished this year, right in 2016, around $18 billion of payments, volumes.

Yes, absolutely.

It's all USD, 18 billion.

The growth rate was around 40%.

Year over year?

Year over year, yes.

40% year over year.