PAY
29/06/2015 08:55
GENERAL
PRICE SENSITIVE
REL: 0855 HRS Pushpay Holdings Limited
GENERAL: PAY: Pushpay secures R&D Project Grant
Pushpay secures R&D Project Grant
Auckland, New Zealand | Redmond, Washington, USA - 29 June 2015
Pushpay Holdings Limited (NZSX:PAY) ('Pushpay') is pleased to announce that
it has secured a Research and Development (R&D) Project Grant from Callaghan
Innovation.
R&D Project Grants support firms with smaller R&D programmes and those that
are new to R&D. They typically provide support of 30-50% of eligible R&D
costs. The grant allows for the co-funding by Callaghan Innovation of 40% of
approved R&D spending by Pushpay, with a total possible allocation of
$960,000 (representing 40% of $2.4 million) over a 17 month period.
Pushpay's Chief Executive Officer, Chris Heaslip said, "We are very pleased
to receive continued support from Callaghan Innovation. This funding,
provides additional resources to deliver scale and growth in the Pushpay
platform through the development of new features, new markets, and scalable
engineering processes and practices. Pushpay will continue to drive
innovation and focus on features that offer simpler, faster and more
intuitive ways to make secure payments."
Contact
Sarah Elder | Investor Relations | Pushpay Holdings Limited
P: +64 21 637 449 | E: [email protected]
www.pushpay.com
About Pushpay
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 markets:
the faith sector; non-profit organisations and enterprises (both small medium
enterprises and corporate organisations).
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:00266281 For:PAY Type:GENERAL Time:2015-06-29 08:55:45
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