Sydney, Jan 23, 2008 AEST (ABN Newswire) - Bill Express (ASX: BXP) is pleased to announce that it has now passed the milestone of processing 1 million transactions for its Bopo prepaid Visa card.
This is a significant milestone and shows that the product is getting solid support from consumers in Australia. Consumers across demographics are taking up the product - most heavily those in the 18-45 year age range, residing in both metropolitan and regional areas. Cardholders understand that they can load their card at any of the 3,300 newsagents that have the Bill Express bill payment system and also by BPAY and direct bank transfer.
Bill Express is a prepaid specialist, and with the global credit squeeze, this should favour our core product of prepaid mobile distribution and our Bopo prepaid Visa card. For people struggling with credit card repayments, the Bopo prepaid Visa card provides a convenient way to manage payments without relying on credit, and enables funds in their bank accounts to be completely quarantined.
Bill Express believes that its Bopo prepaid Visa Card has the potential to grow at significant rates and hopes it will mirror the success of its prepaid mobile business, which drove Bill Express to win the Deloitte Fast 500 award for the fastest growing technology company in the Asia Pacific region in 2004.
Contact
Ian Christianson
Ph +61 3 8458 1000
Fax +61 3 9459 2048
www.billexpressltd.com
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