For information on Bill Express’ UAE connections, check out the iPay website. Navigate to strategic partners and read about Bill Express:
Through our Bill EXPRESS® and DialTime® operation, the company owns and operates one of Australia’s largest electronic retail distribution networks.
Over the past 6 years Bill Express has established a robust and proven electronic network of nearly 14,000 terminals throughout Australia generating a revenue exceeding $1 billion.
I am not sure that newsagents would say the Bill Express network is robust, certainly not since late last year.
The iPay website also lists the troubled OnQ as a strategic partner. OnQ is a substantial shareholder in Bill Express and the holder of the “technology” on which Bill Express is based.
Click here to read the press release announcing the iPay joint venture developed out of Vodatel.
My speculation is that parties associated with iPay are the parties who acquired shares in Bill Express within the last year. If the reports of Bill Express CEO Ian Christiansen traveling to the UAE are accurate, I would expect him to be seeking more funds from his shareholders there.
I can imagine it.
We’ve go a great business in Oz we get 3,500ish newsagents to pay us $500 per month and they can’t get out of the contract unless they pay us $12,000!
It’s a guarenteed cash cow!!!
Sad thing is, we’ve all been burned and even if they pay us back those monthly payments and re-introduce the rebate AND offer more income for newsagents which are providing a service to BOTH Bill Express and the public so the whole system is worthwhile having (Please, $1 per transaction. It sucks more electricity than that) we still would reject it.
BE is a great idea on paper the problem is it wasn’t managed right. I’m sure the directors loved the turnover they just shouldn’t have burned the people who were giving it to them.