Change Financial Limited announced that it has secured two new processing and card management clients in the US. The contracts contain upfront implementation fees as well as ongoing monthly minimum fee commitments. The combined minimum value of the contracts over the initial terms is USD 2.0 million (AUD 2.7 million).

The resultant minimum contracted contribution to Change's ARR2 will be: USD 0.2 million (AUD 0.3 million) in year one; USD 0.4 million (AUD 0.5 million) in year two; and USD 0.6 million (AUD 0.8 million) in year three. Minimum fee commitments will be paid to Change, with revenue primarily generated through interchange, transaction fees, cardholder fees, and program management services. Where interchange, transaction and other fees exceed minimums, Change will earn additional revenue.

While the exact future amounts cannot be currently quantified, actual resulting revenues are expected to be higher than the contracted minimums over time based on the anticipated platform usage. The Company also notes the strategic and commercial significance of welcoming two new clients under multi-year agreements, as well as the opportunity to expand the relationship with Rolling Thunder into other jurisdictions outside the US.