Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Pushpay attracts more than a million dollars from investors

Media release

27 February 2013

Pushpay attracts more than a million dollars from local investors

Mobile payments company, Pushpay Holdings Limited has secured more than one million dollars in investment capital from a locally funded group.

Involved in the investment group is Doug Kemsley, a founding investor in CA-Systems and former Chairman of Maxnet. Doug has also joined the Pushpay board of directors.

“We are thrilled with the additional funds raised and it’s great to have Doug’s influence on the board,” says Chris Heaslip, Pushpay's Chief Executive.

“Doug brings strong leadership, creative thinking and a wealth of business experience to the team. He has an excellent track record growing start-ups and will be a valuable asset in our next phase of growth.”

The investment will be used to accelerate expansion into the North American market, as well as developing new mobile payment products to complement the Pushpay mobile wallet that recently launched in the New Zealand market.

“We are in an exciting stage of growth and believe our fast, easy and secure platform is in a position to make significant gains in the United States, where mobile payment adoption is growing rapidly,” says Heaslip.

Pushpay’s mobile wallet offers a simple user interface and secure process, and gives businesses a cost-effective method of receiving mobile payments, without investing in custom app development.

According to a recent Forrester report, US mobile payments are expected to reach $90 billion by the end of 2017.

“Mobile payments are the future and Pushpay is responding to changes in consumer behavior while making life easier for businesses. It’s a compelling offer with huge potential for growth,” says Kemsley.

The Pushpay mobile wallet is PCI DSS compliant and uses payment card information, without the need for ‘dongles’ and card readers.

It gives users the ability to make a payment in four simple steps:

· Select a business from a location-based list of Pushpay partners

· Input the amount to be paid to the business

· Enter your Pushpay password

· Push Pay

Heaslip says the company has already seen hundreds of thousands of dollars in payments made to New Zealand organisations, and off the back of this success has shifted some of its sales staff to Southern California. It intends to increase its presence in the US market over the next 12 months.

The Pushpay mobile wallet is available for iOS and Android and can be downloaded from the App Store and Google Play.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Health: Advanced Prostate Cancer Study To Improve Care For NZ Men

AUCKLAND: May 7, 2015: New Zealand men suffering from advanced or metastatic prostate cancer need new treatment guidelines to ensure improved, more consistent and more equitable care. Patients and their families could also benefit from better stage-specific ... More>>

BusinessDesk: Weak Dairy Prices Prompt Pull Back In Fonterra Forecasts

Weak global dairy prices have prompted analysts to pull back their expectations for Fonterra Cooperative Group's payout to farmers for next season. More>>

Broadband Network: Spark Launches New, Competitive Ultra Fibre Plan Line-Up

Spark is giving customers an even more compelling reason to switch to its Ultra Fibre plans from today with the introduction of new competitive pricing for the majority of its plans (details below) and Fibre Landline (voice-over-fibre technology) for ... More>>

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news