Newly crowned CEO Andrew Donaldson joined the company as Chief Financial Officer in September 2010.

In addition to New Zealand market responsibilities, Donaldson will assist the company’s Australian-based-management team as it expands its Australian market base. 

“Following the integration of ProvencoCadmus payments division we have been focused on the industry–wide EFTPOS 5.1 terminal upgrade which is due for completion in May,” Donaldson said.

Donaldson added that SmartPay makes the majority of its margin and profits from its terminal and value added transactional processing business divisions.

“The significant Trans-Tasman opportunities in those products make it sensible to ensure that the majority of the company’s resources are focused in Australia. Over the next few months we will review how best to manage and increase sales in those segments,” he said.