Proactive Investors - Run By Investors For Investors

SmartTrans continues to ramp up mobile and online revenue

SmartTrans continues to ramp up mobile and online revenue

SmartTrans (ASX: SMA) has marked its fourth consecutive month of revenue increases with its mobile and online operations bringing in $260,000 in March 2014.

This represents a more than five-fold from its revenue of $50,000 in March 2013 and highlights the value of the company’s continued focus on expanding mobile and online payments operations.

SmartTrans has seen good utilisation of its mobile and online payments platform in China where the company has mobile payments and online billing agreements in place with China Mobile, CMPay, UnionPay and Alipay.

Notably, the company remains in the early stages of its growth in China and continues to pursue additional mobile and online payments expansion and JV opportunities.

SmartTrans online revenue is derived from mobile apps sales and a new bitcoin mining contract, with services being expanded to include online training applications and websites under the MyLife brand.

It also earns royalties for providing a payment gateway for other app providers to sell into the Chinese market.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

View full SMA profile View Profile

SmartTrans Holdings Timeline

Related Articles

gambling chips
March 12 2019
Bragg’s GiveMeSport has a bigger following on Facebook than ESPN and Sky Sport
food in restaurant
September 17 2018
BigDish will start rolling out its platform to restaurants in Bath, before expanding across the south-west and eventually throughout the UK
An energy plant
August 13 2018
The exclusive contract will run its course for two years and includes a one -year extension option

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use