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ORCODA LIMITED — Capital/Financing Update 2016
May 17, 2016
65482_rns_2016-05-17_1cd33035-b513-4aae-aa8b-2b8344bf4ac4.pdf
Capital/Financing Update
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**SmartTrans
partners
with
BPS
Technology
in
landmark
Master Merchant
Agreement
in
China**
SmartTrans
Holdings
Limited ASX:
SMA An
Australian
based Technology
Solutions
Company
Corporate Structure:
Shares
on
issue: 2215
M Unlisted
Options:
166
M Market
Cap:
$AUD
84M 52
week
high: 7.1
cents 52
week
low: 2.2
cents
Directors:
Mr
Mark
Vaile
AO Non-‐Executive
Chairman Mr
Bryan
Carr CEO
&
Managing
Director Mr
Andrew
Forsyth Non-‐Executive
Director Mr
Yui
(Ian)
Tang Non-‐Executive
Director Mr
Greg
Simpson Non-‐Executive
Director Mr
Ian
Hawkins Executive
Director
Melbourne
Office: Level
1,
10
Queens
Road Melbourne
VIC
3004
Australia
Beijing
Office: Room
101
Building
22
Courtyard
4 Gong
Ti
Bei
Lu
Chaoyang
District Beijing
100027
PR
China Phone
(Aus): +61
(03)
9866
7333 Phone
(China): +86
(10)
6500
0910 Website: www.smarttransholdings.com.au Twitter: www.twitter.com/SmartTrans_SMA Youtube: https://youtu.be/-‐1t_yJe1DBA
-
SMA
secures
landmark
B2B
deal
providing
businesses
outside
China
with access
to
China’s
US$670
billion
e-‐commerce
market[1] -
Agreement
gives
BPS’
Australian
merchants
access
to
online
giant
Alibaba’s wholesale
website -
Partnership
made
possible
through
SMA’s
established
relationships
and
cross border
payments
facility
–
immediate
revenue
generation
anticipated -
Additional
revenue
stream
for
SMA
in
China
via
service
fees,
commissions
on product
sales
and
transaction
fees
18
May
2016: SmartTrans
Holdings
Limited
(ASX:
SMA)
(SmartTrans
or
Company) is
pleased
to announce
that
the
Company
has
entered
into
a
landmark
Master
Merchant
Agreement
with
BPS Technology
(ASX:
BPS)
to
enable
its
Australian
merchants
to
promote
and
sell
their
products
in China.
BPS
Technology
has
partnered
with
SmartTrans
to
enable
its
merchants
to
market
and
sell
their products
online
in
China
via
SMA’s
specialised
product
outlet
and
Alibaba’s
website www.1688.com.
This
agreement
gives
both
companies
exposure
to
the
huge
and
rapidly
growing e-‐commerce
sector
in
China,
estimated
to
be
worth
circa
US$670
billion
in
2015¹.
This
facility
has
been
made
possible
by
SmartTrans’
established
partnering
relationships
in
China, its
online
delivery
capability
and
its
privileged
cross-‐border
payments
facility
(ASX
11
February 2016).
SmartTrans’
role
is
to
promote
products
and
attract
consumers,
receive
payment
from consumers
and
settle
payments
to
merchants
based
outside
China
of
up
to
US$50,000
per merchant
per
day.
SmartTrans
earns
revenue
through
service
fees,
commissions
on
products
purchased
and transaction
fees
for
each
transaction
that
it
processes.
Under
this
new
agreement,
via
SmartTrans,
BPS
plans
to
initially
deliver
key
suppliers
access
in four
major
market
sectors:
Health
and
Wellness,
Travel
and
Tourism,
Property,
and
Education being
Australia’s
largest
export
sectors
to
China
after
resources².
BPS
Technology,
best
known
for
their
Bartercard
offering,
is
committed
to
enhancing
the
services and
distribution
channels
it
provides
to
its
more
than
24,000
merchants[3] and
this
arrangement will
provide
access
for
those
merchants
to
extend
the
reach
for
their
products
into
China
via SmartTrans’
networks.
The
agreement
with
BPS
Technology
is
a
significant
business-‐to-‐business
(B2B)
partnership
in which
SmartTrans
will
provide
access
to
companies
from
outside
of
China
to
SmartTrans’
online platforms,
customer
database
and
the
SmartPay
platform
as
a
turnkey
solution
to
doing
business there
and
follows
yesterday’s
announcement
of
SMA’s
direct
business-‐to-‐consumer
(B2C)
alliance with
Tim
Adams
Wines.
SmartTrans
Managing
Director
Bryan
Carr
stated:
“This
is
another
exciting
milestone
for SmartTrans
and
we
look
forward
to
working
with
our
new
partner
BPS
Technology
to
help
bring Australian
merchants’
products
and
services
to
the
huge
China
e-‐commerce
market.”
“Once
again,
this
is
a
great
endorsement
of
SmartPay,
our
technology
and
our
credibility
as
a billing
partner
in
China.
This
significant
B2B
partnership
with
a
well-‐established
business
such
_**Integrity
/
Innovation
/
Inspiration
/
Information**_
==> picture [196 x 73] intentionally omitted <==
==> picture [576 x 12] intentionally omitted <==
as
BPS
Technology,
made
possible
by
SMA’s
established
online
service
capabilities,
payment systems
and
cross
border
transaction
facility
from
China,
also
delivers
a
new
revenue
stream
for the
Company.”
**–
ENDS
–**
1.
Source:
www.techinasia.com/china-‐ecommerce-‐spending-‐to-‐blast-‐past-‐1-‐trillion-‐in-‐2017
2.
Source:
http://dfat.gov.au/about-‐us/publications/trade-‐investment/australias-‐trade-‐in-‐goods-‐and-‐ services/Pages/australias-‐trade-‐in-‐goods-‐and-‐services-‐2014-‐15.aspx
3.
Source:
www.bpstechnology.com
| Forfurtherinformationpleasecontact: Bryan Carr Managing Director AUST: +61 412 111 968 CHINA: +86 138 1188 8401 Media inquiries to: Ben Jarvis, Six Degrees Investor Relations: +61 413 150 448 |
About SmartTrans (https://youtu.be/-1t_yJe1DBA) SmartTrans Holdings Limited (ASX: SMA) is a leading Australian technology and software provider that has developed a mobile and online billing and payment platform for the China market. The company has agreements in place with China Mobile, China Unicom, China Telecom, UnionPay and Alipay. With the growing use of the smartphone as a billing device in China, the company is experiencing significant uptake of its technology in that market. SmartTrans has also developed cutting-edge proprietary logistics software which is used by some of Australia’s leading blue-chip organisations who have long term contracts in place with the company. SmartTrans is assessing growth opportunities for its logistic offering in China to complement its mobile and online payments platform. |
|
|---|---|---|
About
BPS
Technology
Limited
(ASX:BPS):
BPS
Technology
Limited
i s
a
leading
provider
of
technology
platforms
and management
systems
in
the
Digital
Payments
space
for
Small
to
Medium
Businesses
(SMBs)
in
8
countries.
Its technology
platforms
and
systems
help
to
drive
customers
to
its
SMB
merchants.
More
than
24,000
SMEs
transact
in excess
of
1.8m
transactions
worth
$600m+
per
annum
using
its
various
technology
platforms.
BPS
earns
fees
on
all transactions
over
the
platforms
via
its
subsidiaries
Bartercard,
TESS
and
bucqi.
_**Integrity
/
Innovation
/
Inspiration
/
Information**_