AsiaPay partners with Azupay to provide real-time payments across Australia
AsiaPay, the premier digital payment solutions and payment service provider in Asia, has announced that it has partnered with Azupay, an Australian fintech, to facilitate digital payments with a simple, secure, seamless and real-time checkout experience for ecommerce and online vendors across Australia, and merchant can instantly receive payment.
Azupay is Australia’s first and only consumer to business, PayID powered real-time digital payment method and is built on Australia’s New Payment Platform (NPP), debiting from bank accounts.
The aim of this partnership is to support the ecommerce ecosystem in Australia through the provision of AsiaPay’s payment gateway – PayDollar, which will extend Azupay’s merchant network. AsiaPay and Azupay will also collaborate to introduce real-time digital payments and provide an easy and secure way for eCommerce customers to shop online or on their mobile device. Azupay allows merchants to go from customer payment to fulfillment and reconciliation with ease and confidence.
Azupay removes the need for AsiaPay’s merchants to use their own PayID or banking details to accept real-time payments. Instead, Azupay manages this process to ensure payments can scale and are easily reconciled, while funds are received immediately. For consumers, Azupay is the closest alternative to cash, as the payment is settled instantly. All that’s required for a consumer to use Azupay is an Australian bank account – no registration, no downloads and no sharing of personal or financial information is required. For each transaction, Azupay provides a unique, single use PayID and matching QR Code which carries all the information required for the consumer to make the payment instantly.
“This strategic agreement will bring more flexible payment methods and excellent consumer experience to customers,” said Joseph Chan, CEO of AsiaPay. “Australia is accelerating towards digital payments and a cashless society, there is continued merchant demand for a complete integrated payment acceptance solution across prevailing payment methods to optimise sales conversion and better serve the customers globally especially in digital channel payments. We are honored to work with Azupay to provide consumers with greater payment convenience and acceptance at digital merchants of AsiaPay throughout Australia.”
Azupay’s Head of Sales, Chris Haylock welcomed the announcement saying, “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.”
