News and Announcements
BPS Signs Contract with Alibaba Partner SmartTrans
- Published May 18, 2016 5:13PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
18th May 2018, ASX Announcement
- BPS secures landmark B2B deal with Alibaba Partner, the ASX listed SmartTrans “SMA”, providing BPS’ Merchants access to China’s US$670 billion e-commerce market
- Agreement gives BPA Australian merchants access to online giant Alibaba’s wholesale e-Commerce Platform – 1688.com
- Partnership made possible through SMA’s established relationships with Alibaba and cross-border payments facility as well as the large BPA merchant base
- Additional revenue stream for BPS via service fees, commissions on product sales and transaction fees
BPS Technology Limited (“BPS”) (ASX: BPS) is pleased to announce that it has today executed a Master Merchant Account with SmartTrans (ASX: SMA) to promote and sell products in China via Alibaba’s e-Commerce platform 1688.com.
BPS is committed to enhancing the services and distribution channels it provides to its 24,000 merchants and 50,000 cardholders and pleased to now have opened up access for its proprietary technology and merchant networks to the huge e-commerce sector in China, estimated to be worth US$670 billion and growing rapidly.
To view the full announcement, please click on the button below.
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