Menu
Smartpay launches cloud platform in NZ, eyes Aussie release

Smartpay launches cloud platform in NZ, eyes Aussie release

Australian revenue shines in annual result with an increase of 37%.

Smartpay is preparing to launch its first product on a new cloud payments platform into Australia.

Smartpay is preparing to launch its first product on a new cloud payments platform into Australia.

Point-of-sale technology vendor Smartpay has launched its SmartConnect cloud-based payments platform to Kiwi businesses. 

SmartConnect allows integration of any payment device or application to any payment termination device or application, the company said. 

The first product launched on the platform allows Eftpos terminals to integrate with new generation of cloud-based point-of-sale system such as Vend and Kounta.

Smartpay, which is listed in both New Zealand and Australia, told investors in its full-year results announcement today there was a clear shift from older “cash register” technology to newer cloud-based point of sale services. Smartpay now claims to be one of few providers that can service this requirement. 

"We have recently released this product into the  New Zealand market and have seen immediate uptake of this solution as this product fills the existing market gap," the company said.

"We will be releasing the same product into the Australian market shortly which we expect will also drive increased sales opportunities in that market."

Smartpay said the platform has broader application than Eftpos terminals as it can integrate with any payment device or application including mobile wallets, e-commerce gateways and any other payments platform. 

It can also generate real-time data and analytics which it said was increasingly valuable to retailers, banks and others. 

"As we continue to build out this technology we expect to see growth opportunities for Smartpay beyond our traditional Eftpos terminal business," the company said.

Total revenue and other income $21.8 million for the year to 31 March was marginally up from $20.4 million

EBITDA of $9.6 million also improved from $8.1 million to yield a net profit after tax of $2.2 million, an increase on from $0.2 million in 2016.

Smartpay also upgraded its entire New Zealand terminal fleet during the year to meet new hardware compliance requirements. 

The company's Australian business generated revenue growth of 37% including an increasing contribution from its retail terminal network and a sale of terminals to an Australian bank. 


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags New Zealandretailcloud pint of saleCloudSmartPayEftpospayments technology

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments