• About Us
  • Advertise with Us
  • Contact Us
  • Offers
  • Events
  • Newsletter
  • Podcasts
  • Digital Magazine
  • Home
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability
  • About Us
  • Advertise with Us
  • Contact Us
  • Offers
  • Events
  • Newsletter
  • Podcasts
  • Digital Magazine
NZBusiness Magazine

Type and hit Enter to search

Linkedin Facebook Instagram Youtube
  • Home
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability
NZBusiness Magazine
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability
News

Bold changes at Bartercard

The parent company of Bartercard is undergoing a reorganisation, acquiring a digital agency in Australia and renaming itself IncentiaPay.

Glenn Baker
Glenn Baker
March 20, 2018 2 Mins Read
1.3K

BPS Technology, the parent company of Bartercard, is undergoing a reorganisation, acquiring a digital agency in Australia and renaming itself IncentiaPay in order to focus on the fastest-growing arms of its business. 

The changes will not impact on the Bartercard divisions in New Zealand or Australia, which will continue “business as usual”, says Bartercard chief executive, John Scott (pictured). 

“However, these moves do allow for our parent company to expand and diversify into new digital payment areas, which, as previously indicated, are expected to be a strong growth sector for the business.” 

The changes are set to be approved at an Extraordinary General Meeting in Queensland on Thursday, 5 April. They include the acquisition of Sydney-based Gruden Group – a listed digital marketing and transactional payment company. Under the terms, BPS has agreed to provide consideration of $8 million, comprised of 27.68 million BPS shares and $250,000 cash, to Gruden. 

BPS says benefits of the acquisition are access to customers including Oporto, Red Rooster and Starbucks, further penetration of the fast food and hospitality sectors, and tapping into cost synergies with other parts of its business.

At the same time, the company has put in place a new management team and Board and plans to change its name to IncentiaPay to better reflect its core business activities.

“BPS remains a strong underlying business,” says its new CEO Iain Dunstan. “We are pursuing a restructuring and turnaround plan and will focus on re-positioning BPS for growth to drive revenue and profitability.”

As part of its ongoing diversification into new payment and rewards platforms, BPS previously bought Entertainment Publications, which publishes the Entertainment Books, and has an association with Asian mobile phone payment platform Alipay which is allowing it to make inroads into the Chinese tourist market. 

“It’s an exciting time to be part of the company expansion,” says Scott who was appointed trans-Tasman CEO for Bartercard in December, after running the New Zealand operation for five years. 

“It was logical to combine the New Zealand and Australian operation into one business unit and part of my role is to develop a shared service model to support the requirements of the enlarged business. At the same time, I am ensuring we continue to drive our culture of leadership and continuous improvement underpinned by technological innovation.”

Share Article

Glenn Baker
Follow Me Written By

Glenn Baker

Glenn is a professional writer/editor with 50-plus years’ experience across radio, television and magazine publishing.

Other Articles

The Agency
Previous

The agency of the future

Catch Group (2)
Next

Catch Group expands into New Zealand

Next
Catch Group (2)
March 20, 2018

Catch Group expands into New Zealand

Previous
March 19, 2018

The agency of the future

The Agency

Subscribe to our newsletter

NZBusiness Digital Issue – June 2025

READ MORE

The Latest

A smooth journey to business growth

June 25, 2025

Tourism HQ revamps rite of passage for first-time travellers with Spring Break Fiji 2.0

June 25, 2025

Power shift

June 23, 2025

AI that actually works for you

June 20, 2025

How tech, optimism and agility can drive SME growth

June 19, 2025

Disruption and opportunity: Why Kiwi companies are looking to the UK

June 19, 2025

Most Popular

Understanding AI
How much AI data is generated every 60 seconds? New report reveals global AI use
Navigating economic headwinds: Insights for SME owners
Navigating challenges: Small business resilience amidst sales decline
Nourishing success: Sam Bridgewater on his entrepreneurship journey with The Pure Food Co

Related Posts

NZ business optimism hits six-year high, 2degrees survey finds

June 18, 2025

Budget 2025 reaction: Business applauds investment incentives, concern over KiwiSaver changes

May 22, 2025

Budget 2025: SMEs seek tax cuts, less red tape as confidence wavers

May 21, 2025

Final speaker lineup announced for Ignite ‘25 Growth Summit

April 30, 2025
NZBusiness Magazine

New Zealand’s leading source for business news, training guides and opinion from small businesses to multi-national corporations.

© Pure 360 Limited.
All Rights Reserved.

Quick Links

  • Advertise with us
  • Magazine issues
  • About us
  • Contact us
  • Privacy policy
  • Sitemap

Categories

  • News
  • Entrepreneurship
  • Growth
  • Finance
  • Education & Development
  • Marketing
  • Technology
  • Sustainability

Follow Us

LinkedIn
Facebook
Instagram
YouTube
  • Home
  • News
  • Opinion
  • Entrepreneurship
  • Self Development
  • Growth
  • Finance
  • Marketing
  • Technology
  • Sustainability