CHANGE OF NAME TO REFLECT AUSTRALASIAN FOCUS
Thursday, June 30, 2011

AUCKLAND, 30 June 2011 - SmartPay (NZX: SPY), a leading provider of payments and transactional solutions in New Zealand and Australia, today announced that it intends to change its name to Smartpay Holdings Limited. The change of name will take effect on 15 July 2011. There will be no change to the company's NZX ticker code which will remain "SPY".

The name change is being made in conjunction with the company's recently announced plans for the Australian market which includes a listing on the ASX and the focus of senior management into that market. The new name reflects the company's primary role of being the holding company for businesses and operations in both New Zealand and Australia.

ENDS

For further information contact:

Ian Bailey, Managing Director, SmartPay, Mobile +64 21 664 941

Andrew Donaldson, CEO, SmartPay +64 27 255 4682

Brenda Newth, JML Communications, +64 21 655 534

About SmartPay

SmartPay is a leading provider of integrated merchant services utilising the Internet and broadband connectivity.

 

SmartPay's product set includes:

1. Telecommunications products and services including Voice Over IP, Broadband, EFTPOS terminals and secure EFTPOS internet connectivity
2. Audio and video, music, messaging and media via its Retail Radio product set.
3. Prepayment products and transactional processing services for the taxi industry.

 

SmartPay Core Products include:

 

•           Wi-Fi - one of the largest networks in New Zealand

•           In-store Audio Visual Promotional Systems - Retail Radio

•           Internet enabled EFTPOS equipment sales and rental

•           Gift Cards

•           Secure Internet Payments

•           Mobile Top-up

•           Calling Cards

•           Bill Payment Solutions

•           Voice over IP (VOIP)

•           Online Payments

 

For more information visit - www.smartpay.co.nz