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

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news