Ann: GENERAL: PAY: Pushpay annualised platform volume now exceeds NZ$1 billion

• Release Date: 08/06/16 08:53
• Summary: GENERAL: PAY: Pushpay annualised platform volume now exceeds NZ$1 billion
• Price Sensitive: No
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					PAY                                                                           
08/06/2016 08:53                                                              
GENERAL                                                                       
PRICE SENSITIVE                                                               
REL: 0853 HRS Pushpay Holdings Limited                                        
                                                                              
GENERAL: PAY: Pushpay annualised platform volume now exceeds NZ$1 billion     
                                                                              
Pushpay annualised platform volume now exceeds NZ$1 billion                   
                                                                              
Auckland, New Zealand | Redmond, Washington, USA - 8 June 2016                
                                                                              
Pushpay Holdings Limited (NZSX:PAY) ('Pushpay') is proud to now process over  
NZ$1 billion in Annualised Monthly Payment Transaction Volume 1 .             
                                                                              
Pushpay has increased Annualised Monthly Payment Transaction Volume by NZ$500 
million to over NZ$1 billion/US$719 million 2 , an increase of 100% over the  
six months to May 2016.                                                       
                                                                              
Pushpay expects Annualised Monthly Payment Transaction Volume to continue to  
grow at a rapid pace as it executes on its USA growth strategy. The Company   
will update the market when it considers that it has achieved significant     
milestones excluding the month of December which is a seasonal high period.   
Future milestones will be reported in US dollars only.                        
                                                                              
Pushpay's Co-founder, Eliot Crowther said, "Early on at Pushpay we thought,   
if we could make giving to a church intuitive, fast and secure, we could      
firstly allow givers to give more freely, when and how they want and also     
increase the resourcing for thousands of churches (and non-profits) who are   
doing amazing things in local and global communities. In the early days, we   
set the audacious goal of seeing NZ$1 billion in Annualised Monthly Payment   
Transaction Volume. Today, it is fantastic to see our Annualised Monthly      
Payment Transaction Volume reach NZ$1 billion."                               
                                                                              
Pushpay's CEO, Chris Heaslip said, "Pushpay is trusted with the processing of 
over NZ$1 billion/US$719 million 2  in Annualised Monthly Payment Transaction 
Volume. Our commitment to security, innovation and investment in people,      
product and processes have led to a NZ$500 million or 100% increase in        
Annualised Monthly Payment Transaction Volume over a six month period. As     
market penetration, merchant implementation and mobile adoption increase, as  
will our Annualised Monthly Payment Transaction Volume. This is an exciting   
milestone for the team at Pushpay and we look forward to updating the market  
on our next milestone."                                                       
                                                                              
 1  Annualised Monthly Payment Transaction Volume is the annualised four week 
average payment transaction volume, excluding weeks falling in December given 
this is a seasonal high period.                                               
 2  Average BID rate for NZD/USD FX Rate for the week ended 8 May 2016:       
$0.690, for the week ended 15 May 2016: $0.679, for the week ended 22 May     
2016: $0.677 and for the week ended 29 May 2016: $0.673 from www.oanda.com.   
                                                                              
Contact                                                                       
                                                                              
Sarah Elder | Investor Relations | Pushpay Holdings Limited                   
P: +64 21 637 449 | E: [email protected]                                
www.pushpay.com                                                               
                                                                              
About                                                                         
                                                                              
Pushpay provides mobile commerce tools that facilitate fast, secure and easy  
non point of sale payments between consumers and merchants. Pushpay targets   
merchants who are looking to offer convenient, personalised and intuitive     
payment solutions to their consumers. Pushpay services three target market  
the faith sector; non-profit organisations and enterprises (both small medium 
enterprises and corporate organisations).                                     
                                                                              
Pushpay was presented a Silver Award at the World 2016 App Design Awards and  
was awarded four Stevie Awards in 2016 including a Silver Award in the        
Customer Service Department of the Year category. Pushpay is ranked 1st on    
the TIN100 ASB Ten Hot Emerging Companies List and Pushpay's co-founders      
Chris Heaslip and Eliot Crowther are the EY Entrepreneur Of The Year 2015 New 
Zealand Young category winners.                                               
                                                                              
To download the Pushpay App, visit the iTunes App Store or Google Play and    
search for "Pushpay".                                                         
                                                                              
Visit www.pushpay.com to learn more and see an online demonstration of how    
Pushpay enables merchants and consumers to "never miss the moment".           
                                                                              
ENDS                                                                          
End CA:00283635 For:PAY    Type:GENERAL    Time:2016-06-08 08:53:34