6 Dec 2010

SmartPay to list on Australian Stock Exchange

2:04 pm on 6 December 2010

The eftpos and merchant services company SmartPay has confirmed it will float on the Australian Stock Exchange by the middle of next year.

The company is already listed in New Zealand, and wants to expand its business across the Tasman.

Smartpay managing director Ian Bailey says the New Zealand equity market is still very tough and listing in Australia will give the company more room to grow.

Ian Bailey says SmartPay has spoken to broking firms in Australia and believes the listing will be successful.