Touchcorp Limited (ASX:TCH) has announced it has signed a Software Development and Transaction Services agreement with Change Up Holdings Limited.

 

Change Up allows customers to receive change electronically from retailers.

 

The agreement with Touchcorp will provide Change Up with immediate access to approximately 56,000 retail outlets across the globe, including Australia.

 

To date Touchcorp has earned $11.25 million for integration work for Change Up, in cash and Change Up shares. 

 

Touchcorp Limited reported a net profit of $9.4 million at 31 December 2015.