Global Payments Solutions reaches for NSX

Global Payments Solutions will turn itself into a consulting services and investment company, and list on the National Stock Exchange, Australia's second-largest stock exchange.

Chairman Michael Ivkovic said this business model was developed for the company to derive further mandates from clients that have engaged the company to assist with development and achievement of business objectives.

Investment management may therefore become a key concern for the firm as it bolts a new skill onto its consulting legacy.

Targets will be in e-commerce, payment applications and payment systems in the United Kingdom and Europe. With shallow pockets, lightly valued SMEs will be high on the GPS shopping list.

The company plans to sell between 750,000 and a million new shares at new shares at fifty cents, looking to raise up to A$500,000 in new capital. GPS will have a market capitalisation of $6.5 million at the end of the offer.

The company was incorporated on 29 April 2014, and this will be Global Payments' second go at producing a prospectus for the Australian Securities and Investments Commission.

GPS will continue to be run from Sydney.