BPS Technology Ltd (ASX: BPS) FY16 Update: Bucqi Launched, New Chinese Distribution Channel & Shareholder Return of 24%

In FY16, BPS developed its business to a new level with the rollout of its Bucqi loyalty, rewards and mobile payments platform. Bucqi aims to be the best value rewards program on the market with a compelling offer to attract consumers to merchants (of which BPS has more than 24,000 clients on its Bartercard trade exchange).

A newly opened Chinese distribution channel via Alibaba and partnerships with insurer Honan and marketer Gruden should enhance near-term value. Investors are cottoning onto BPS’ potential with FY16 total shareholder return of 24% including two healthy dividends

ABOUT BPS TECHNOLOGY 

BPS Technology Limited (ASX: BPS) provides technology and payment platforms centred on SME’s. It is a profitable business operates in eight countries, capitalising on a number of significant growth opportunities.

BPS operates three highly complementary and scalable businesses – Bartercard, bucqi and TESS.

Bartercard operates the world’s largest trade exchange. It allows SME’s to conduct $600m of additional business without the use of cash.

bucqi is a disruptive payment, loyalty & rewards platform that allows consumers to pay merchants via an app for goods and services without using a card or cash. Consumers earn and redeem reward points across a wide range of merchants.

TESS (Trade Exchange Software Services) develops software for trade exchanges. It is recognised and recommended as the preferred software by the global governing body of the industry.