Send Payments & PEXA team to streamline foreign exchange transactions

By Delisha Fernandes

Australia-based Send Payments has announced its partnership with PEXA to innovate and digitise international currency exchange payments. The collaboration will enhance the international payments experience for legal and conveyancing practitioners transacting property via the PEXA Exchange.

The integration of Send Payments and PEXA aims to further address the practitioner feedback for a simplified, streamlined, and safe way to conduct foreign exchange transactions. By having direct access from within the PEXA platform, clients and partners will be given the possibility to overcome the complex and manual payment processes that are associated with conveyancing and legal services activities.

PEXA’s Chief Customer Officer, Les Vance, said, “With this latest development, our 10,000 practitioner customers will benefit from even greater convenience and efficiency when disbursing funds to overseas accounts on behalf of their clients. This next phase in our partnership with Send marks a significant milestone for both companies and reflects our shared vision and commitment to drive the benefits of digitisation in property settlements. We are excited to welcome Send onboard as our integrated foreign currency exchange partner, and strongly believe in the value this partnership will unlock for our customers.”

Send has been providing PEXA customers with a streamlined solution for international currency exchange since mid-2022. The two Aussie-born tech start-ups are now set to build on their existing successful partnership with full integration expected to be completed over the next six months. Since its inception in 2012, PEXA has been at the forefront of digital transformation, replacing paper-based conveyancing processes with an efficient online property Exchange platform.

Paul Billing, CEO of Send, said, “Together, Send and PEXA are leading the charge for practitioners in driving simplicity and improving the customer experience throughout the payments process. This game-changing partnership will  set a new industry benchmark, driving payments innovation and transforming property settlements for forward-thinking businesses and their customers. Over the coming months we look forward to continuing to work with our customers and the industry on driving further growth and efficiency opportunities. We are already actively supporting various governing bodies and our close collaboration to serve the needs of the conveyancing industry remains important to us.”