WEX works with MYOB to increase ease of B2B payments for Australia
By Edil Corneille
Portland-based WEX, a financial technology (FinTech) service provider, announced its collaboration with online business management platform MYOB, to deliver B2B payments for Australian businesses.
MYOB provides business and accounting software to 1.2 million businesses in Australia and New Zealand.
The collaboration gives WEX customers access to MYOB’s business payment platform to pay their suppliers via WEX virtual credit cards.
Utilising the MYOB solution, customers can enjoy a more seamless and efficient experience when making payments to suppliers, even if suppliers do not typically accept virtual credit cards and without the need for suppliers to make any changes to how they receive payments.
Andrew Baines, General Manager Financial Services, MYOB said, “Cashflow is absolutely critical for businesses, and this relationship with WEX provides its customers with more choice around payment options, allowing more flexibility to choose a solution which works best for their business at a particular moment in time. WEX’s B2B payment capability will be a strong complement with MYOB’s business payment platform, and we’re delighted to offer this experience to its Australian customers.”
Justin Cross, Director, Business Development & Partnerships, EMEA & APAC, WEX said, “WEX’s corporate payments business is continuing to work with innovative brands like MYOB to support local business growth and ensure payments are not an afterthought. We are committed to growing with Australian brands by helping them build their financial infrastructure and providing a seamless customer experience through simplified payment transactions.”
WEX operates in more than 10 countries and in 20 currencies through approximately 5,000 associates around the world.
IBSi Daily News Analysis
January 27, 2023
Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recessionRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage