Micro-investment app Blossom partners with Azupay to bring real-time account-to-account payments via PayID

Micro-investment app Blossom has partnered with Azupay to bring real-time account-to-account payments via PayID to a new generation of investors.

Offering everyday people access to Blossom’s returns from fixed income investments with faster, safer and smarter ways of paying and getting paid will revolutionise how Australians save.

Blossom Co-Founder, Gaby Rosenberg, said the company wanted to simplify every aspect of investing and this includes the customer experience of transferring and withdrawing.

“Partnering with Azupay allows Blossom to offer account-to-account payments to our customers who are very much part of the on-demand digital economy,” said Rosenberg.

“By using PayID, our customers can now transfer funds straight from their bank account in real-time, this means their savings journey can starts instantly.

PayID adoption continues to grow with more than 11 million already registered and when used for consumer-to-business or business-to-business transactions will help to reduce the $420 million worth of fraud that the ACCC identified this year.

Blossom has partnered with Australia’s leading real-time payments provider, Azupay, inspired by their early adoption and innovation of PayID as a C2B payment method and ongoing support to the start-up community.

Beyond PayID and receivables, Azupay also offer a suite of real-time solutions that provide straight-through-reconciliation and payment velocity to both disbursements and recurring payments.

Azupay Chief Product Officer Tom Rundle said partnering with clever and nimble start-ups like Blossom continuously excite us with use cases that we didn’t see coming.

“While our product suite is designed and built for large enterprises and government, it has always been start-ups that have been quickest to integrate with our simple APIs and in turn go to market faster,” said Rundle.