Funding for market trial secured

MELBOURNE – 24 June 2016 – Fintech Bluechain Pty Ltd today announced that its latest funding round for $3 million has, once again, closed fully subscribed, putting the company in a strong position to complete the market trials and launch the product in Australia and international markets. The first market trial kicks off in July in Tasmania with Bluechain partner bank MyState, with the launch planned sometime in 2017.

This has been made possible by Bluechain establishing solid go-to-market strategies and conducting real-world pilots, of which the MyState trial is the first. This is the first live trial involving real transactions on customer and merchant accounts. Customers will use a variety of Apple and Android phones to connect with the Bluechain merchant’s iPad.

About Bluechain

Bluechain technology is powering solutions for the payments industry around the globe, from versatile request-to-pay (RtP) solutions for acquirers and gateways to low-cost domestic payment schemes for central banks and national switches. The same easy-to-use mobile payment app is used for every RtP transaction, so consumers have the same, simple user experience whether they are paying in-store, purchasing online, paying bills or sending money peer-to-peer. Whatever the application, Bluechain solutions offer greater security, simplicity and control in every payment situation.

Contact

Bluechain Pty Ltd
Level 1, 313 Burwood Rd, Hawthorn, VIC 3122, Australia
Chris Walker
Tel: +61 418 949 400
Email: [email protected]