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Nauggets app launches in Australia in partnership with Azupay

By Leandra Monteiro

December 13, 2022

  • Account-to-Account Payments Platform
  • Australia
  • Digital Gold
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Azupay, Nauggets Nauggets app was launched in Australia to make gold more accessible with instant account-to-account payments powered by Azupay.

From buying and spending gold, to sharing with friends, Nauggets’ mission is to democratise gold via a digital platform that has been designed to simplify every aspect of transacting with the yellow metal. And in partnership with Azupay, the payment experience has been further streamlined by integrating the New Payments Platform PayID and PayTo instant account-to-account services.

Nauggets, Head of APAC, Phoebe Tooker, said by bridging the gap between the experts and the everyday consumers, we’re allowing our users to buy gold with the same benefits that the big players get. “We want to stand out from other fintech apps by making our user experience fun, fresh and simple. We want members to feel it’s as easy as saving in fiat currency, like your regular savings account.”

“With many investment options being extremely volatile we can see gold has proven to hold its purchasing power over time and be a good hedge against inflation. Gold is a safe haven, and we want to encourage a habit in people to diversify and save in an asset that is stable.”

Wanting to remove fraud, dishonours, and chargebacks, Nauggets turned to Azupay to provide a faster and simpler alternative to credit cards. With more than 12 million Australians having adopted PayID and unlike legacy payment methods, PayID brings instant payments to their customers while gaining straight-through-reconciliation along the way.

Another innovation that Nauggets is offering its customers is PayTo, a giant leap forward in how Australian businesses and consumers pay and get paid. PayTo one touch payments allow instant wallet top-ups with much greater flexibility and control while dramatically reducing missed payments and processing costs.

Azupay Chief Product Officer, Tom Rundle, said, “Instant and easy to use PayTo and PayID payments help Nauggets’ deliver the promise of investing in gold being as easy as saving in your regular bank account.”

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