Cube begins trading under SmartPay name

Cube Capital shareholders have approved a backdoor listing of electronic prepay solutions company SmartPay.

The deal was flagged in February and the approval means the purchase of SmartPay and subsidiary, Software International, can go ahead.

Cube said it would begin trading under the name SmartPay today.

SmartPay, established in 2004, supplies electronic payments systems, electronic pre-paid mobile phone top-ups, international calling cards and eftpos solutions. Its customers include Vodafone and Telecom.

The company is planning future growth in a broad range of pre-paid services here and internationally.

Cube originally started life on the NZX as a furniture company called Damba, before reinventing itself as a technology investor.

- NZPA