US-based financial technology service provider WEX has partnered with online business management platform MYOB to provide Australian businesses with B2B payments.
WEX customers can now pay their suppliers using the WEX virtual credit cards as they get access to MYOB’s business payment platform.
The MYOB solution will allow its users to make payments even if their supplier does not accept virtual credit cards.
Moreover, the payments platform does not require suppliers to change how they receive their payments.
Currently, MYOB offers business and accounting software to 1.2 million Australian and New Zealand businesses.
MYOB general manager of financial services Andrew Baines 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 are delighted to offer this experience to its Australian customers.”
WEX EMEA and APAC director of business development and partnerships Justin Cross 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.”
Last year in July, Onyx CenterSource, a B2B payments and business intelligence solution provider to the hospitality industry, also partnered with WEX.
In January 2020, WEX agreed to acquire B2B payments companies eNett and Optal for $1.7bn.