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read moreBilltoBill payments deal with Chinese ticketer
Stan Beer
Thursday, 22 September 2005 10:00
The BilltoBill online payments soltion subsidiary of Oriel Communications Limited (ASX:OCO) has signed a contract with a Shanghai based company which operates in the entertainment industry in China.
The company, whose name is undisclosed, will add on-line ticket sales via the internet as an additional distribution channel to its existing over the counter ticket sales operation.
BilltoBill has completed integration of the BilltoBill payment system with the company's website.
According to Oriel, the deal adds a second significant client for BilltoBill in the past three months. In June 2005, Oriel announced it had signed a contract with Myrice.com, one of China's top 10 website portal companies, to act as that company's preferred payment service provider to Myrice.com customers.
The BilltoBill payment gateway has been integrated with all Chinese national banks as well as key regional banks in China, which the company claims will allow BilltoBill to collect payments from millions of Chinese customers on behalf of its current and prospective clients.
OCO shares were barely traded and finished up 0.2c to close on 0.011c.
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