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Australia Post invests USD 20 million in ecommerce innovation projects

Friday 30 October 2015 00:57 CET | News

Australia Post will invest USD 20 million in emerging ecommerce businesses through a newly established investment fund and an initial partnership with Melbourne’s Accelerator Program (MAP).

The investment program will see Australia Post co-locate its accelerator at Lab-14 premise at MAP. Australia Post Managing Director & Group CEO Ahmed Fahour says the investment fund and initial partnership with MAP are part of a program to support small business and to accelerate ecommerce innovation across Australia, itwire.com reports.

Fahour said the program will reach all corners of the country, with a particular focus on regional centres, and will leverage Australia Post’s ecommerce capabilities and network reach.


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Keywords: Australia Post, payment innovation, ecommerce, online sales, eshoppers, Customers, projects, investment
Categories: Payments & Commerce
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Countries: World
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