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

 


Pushpay seeking compliance listing on the NZAX

Pushpay seeking compliance listing on the NZAX to accelerate global growth

Pushpay Holdings Limited (Pushpay), an emerging player in mobile payment services, has confirmed it is seeking a compliance listing on the NZX Alternative Market (NZAX) in July. Prior to its listing, Pushpay will raise NZD$9.0 million of new equity through a private share issue at NZD$1.00 per share. The share issue has been fully underwritten by Christopher and Banks Private Equity, a Huljich Family investment vehicle. On completion of the private share issue, Pushpay will have a total number of 50,000,000 shares valuing the company at NZD$50.0 million.

“The private share issue will enable Pushpay to scale its global expansion strategies, particularly in the USA. We are growing rapidly with transaction volume increasing 20% month-on-month and current annualised payments volume at over NZD$35.0 million, up from NZD$17.0 million in late February 2014. We have secured some significant footholds in key vertical markets in the USA, including significant wins in the faith and non profit sectors. Recent success with strategic channel partners in the faith sector has increased merchant demand and also focused our technological development,” said Mr Chris Heaslip, CEO of Pushpay.

“Mobile commerce currently comprises 4% of global credit and debit card transaction volume. The non-point of sale payments sector is under-served, with both consumers and merchants demanding payment solutions that are easy, fast and secure. That’s why we are so hugely excited about the mobile commerce opportunity,” said Mr Heaslip.

Pushpay has appointed Buddle Findlay as its Legal Adviser and plans to appoint Harmos Horton Lusk as NZAX Sponsor in conjunction with the NZAX compliance listing.

To download the Pushpay App, visit the iTunes App Store or Google Play and search for “Pushpay”.

Visit www.pushpay.com to learn more and see an online demonstration of how Pushpay enables merchants and consumers to “never miss the moment”.

ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news