New Zealand electronic payments processing provider SmartPay has signed a distribution agreement with Eftpos developer ProvencoCadmus to distribute SmartPay's IP-POS service.
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NZX-listed payments technology and wi-fi company SmartPay has restructured, shedding up to 10 staff, to focus on its three main markets: telecommunications, music/media and taxi payments.
Managing director Ian Bailey, formerly of Cadmus, says SmartPay has reduced its overheads by consolidating all staff into one building, reviewing its headcount, consolidating its multiple operating entities and implementing new accounting and reporting systems.
The recently-merged entity of eftpos providers Provenco and Cadmus is being affected by the harsh economic climate, the merged entity says.
Progress is being made towards the merger of electronic payments companies Provenco and Cadmus.
The boards of New Zealand Eftpos and payments technology companies Provenco and Cadmus have recommended a merger to their shareholders.
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