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December 15, 2020updated 06 Jan 2021 12:08pm

AsiaPay and Azupay team up to offer instant payments in Australia

Digital payment solutions provider AsiaPay has joined forces with Australian fintech Azupay to facilitate real-time payments in Australia.

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Through this partnership, e-commerce and online merchants in the country can now receive payments instantly.

For consumers, the companies will jointly introduce real-time digital payments for customers to shop online or via their mobile devices.

Azupay is a consumer-to-business (C2B) real-time digital payment method powered by PayID, debiting payments directly from bank accounts.

The partnership is aimed at providing Australia’s e-commerce sector with AsiaPay’s payment gateway ‘PayDollar’.

PayDollar will help expand the merchant network of Azupay.

It is created on Australia’s New Payment Platform (NPP) and eliminates the need for AsiaPay’s merchants to use their own PayID to accept instant payments.

For consumers, Azupay serves as an alternative to cash as it provides a single-use PayID and matching QR code to help consumers pay instantly.

The consumers only require an Australian bank account.

Azupay head of sales Chris Haylock said: “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.”

AsiaPay CEO Joseph Chan said: “This strategic agreement will bring more flexible payment methods and excellent consumer experience to customers.

“We are honoured to work with Azupay to provide consumers with greater payment convenience and acceptance at digital merchants of AsiaPay throughout Australia.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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