AsiaPay and Azupay to provide real-time payments across Australia
By Edil Corneille
Today, AsiaPay, the premier digital payment solutions and payment service provider in Asia, announced its partnership with Australian FinTech Azupay. The collaboration entails the facilitation of digital payments with a simple, secure, seamless and real-time checkout experience for e-commerce and online vendors across Australia, and for merchants to instantly receive payments.
Azupay is Australia’s consumer to business, PayID powered real-time digital payment method and is built on Australia’s New Payment Platform (NPP), debiting from bank accounts.
The aim of this partnership is to support the e-commerce ecosystem in Australia through the provision of AsiaPay’s payment gateway – PayDollar, which will extend Azupay’s merchant network. AsiaPay and Azupay will also collaborate to introduce real-time digital payments and provide an easy and secure way for e-commerce customers to shop online or on their mobile device. Azupay allows merchants to go from customer payment to fulfilment and reconciliation.
Azupay removes the need for AsiaPay’s merchants to use their own PayID or banking details to accept real-time payments. Instead, Azupay manages this process to ensure payments can scale and are easily reconciled, while funds are received immediately. For consumers, Azupay is the closest alternative to cash, as the payment is settled instantly. All that’s required for a consumer to use Azupay is an Australian bank account – no registration, no downloads and no sharing of personal or financial information is required. For each transaction, Azupay provides a unique, single use PayID and matching QR Code for the consumer to make the payment instantly.
“This strategic agreement will bring more flexible payment methods and excellent consumer experience to customers,” Joseph Chan, CEO of AsiaPay enunciated. “Australia is accelerating towards digital payments and a cashless society, there is continued merchant demand for a complete integrated payment acceptance solution across prevailing payment methods to optimise sales conversion and better serve the customers globally especially in digital channel payments. We are honored to work with Azupay to provide consumers with greater payment convenience and acceptance at digital merchants of AsiaPay throughout Australia.”
Azupay’s Head of Sales, Chris Haylock enthused, “We are excited to be partnering with AsiaPay to bring real-time, account to account payments to AsiaPay’s Australian customer base. Azupay drastically reduces fraud and eliminates chargebacks, which is a real game changer for the Australian eCommerce market.”
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