Smartpay Holdings (ASX:SMP) should trade higher after being selected as epay’s preferred terminal partner for the New Zealand market.
epay is a division of Euronet Worldwide, a global provider of electronic payment and transaction processing solutions.
Its products include mobile phone top ups, gift cards, calling cards, prepaid electricity, Apple iTunes credits, Microsoft Xbox vouchers and Sony Playstation vouchers, amongst others.
Under the terms of the deal, Smartpay will assume ownership and management of epay’s existing terminal fleet of over 2,500 terminals and will extend the availability of epay’s products across Smartpay’s merchant base in New Zealand.
Offering epay’s suite of products on Smartpay terminals adds further functionality and value to its merchants and also enhances revenue opportunities on these terminals.
By offering merchants the epay service on its terminals, Smartpay is providing both the ability for the merchant to earn direct revenue from the terminal, and the convenience to consumers of easy access to products and services such as mobile phone top ups and electricity recharge.
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