BPS Technology Ltd
(ASX:BPS) will team-up with insurance broker, the Honan Insurance Group, to offer an online portal for insurance products.
As part of this deal, both companies are going to offer business and travel insurance from various global insurers to its vast merchant-base of Small and Medium-sized Enterprises (SME).
BPS says this deal is an “obvious extension” of its business model as every business owner needs insurance at an affordable price”.
The company expects to earn commission within the first half of the 2017 FY, and the commission revenue continue to grow over the next 2 years.
BPS reported a net profit of $3.5 million at 31 December 2015.
