▼ Summary
– pay.com.au has launched International Payments, Australia’s first FX solution combining competitive rates with flexible rewards for SMEs.
– The service integrates with pay.com.au’s platform, allowing businesses to manage domestic and international payments in one place across eight major currencies.
– It is the only service enabling businesses to earn flexible PayRewards points on every international transaction, redeemable with multiple partners.
– Customers paying with credit cards can earn both their card’s points and PayRewards points, turning expenses into benefits like flights and hotels.
– The service is powered by Send Payments’ compliant infrastructure and API, providing secure and scalable global transaction capabilities.
Australian businesses now have access to a powerful new tool for managing international payments while earning valuable rewards. Pay.com.au has rolled out its International Payments feature, which it describes as Australia’s first foreign exchange solution to pair competitive rates with a highly flexible rewards program. This development is designed specifically for small and medium enterprises, giving them the ability to earn and redeem rewards on every cross-border transaction they make.
The service, which is powered by Send Payments, integrates directly into the pay.com.au platform. This allows companies to handle both their domestic and international financial operations from a single, unified dashboard. It supports eight major currencies, AUD, USD, GBP, CAD, HKD, NZD, SGD, and EUR, and facilitates secure transactions across more than 30 different countries.
A key differentiator for this new offering is its unique rewards structure. Pay.com.au’s International Payments is reportedly the only FX service on the market that lets businesses accumulate flexible PayRewards points on every single international payment. These points are not locked into a single airline or specific card program. Instead, they can be redeemed with a wide array of partner brands, providing genuine choice and utility.
The benefits can even be stacked for those using credit cards. Businesses can earn their card’s standard reward points on top of the dedicated PayRewards Points from the platform. This dual-earning potential means necessary business expenses, like paying international suppliers, can be converted into tangible perks such as flights and hotel stays.
Grant Austin, CEO of pay.com.au, emphasized that Australian SMEs deserve payment systems that work as diligently as they do. He stated that International Payments delivers smarter and simpler cross-border transactions, all while offering what the company believes are the most adaptable rewards available. This launch is a significant milestone in the company’s broader mission to create a consolidated payments platform that serves the diverse needs of Australian small businesses, helping them manage all their payment activities without introducing extra complexity.
The technological backbone for the service is provided by Send Payments, which brings a compliance-first infrastructure and an enterprise-grade API to the table. This integration embeds foreign exchange and international payment capabilities directly into pay.com.au’s existing system, ensuring that global transactions are not only secure but also scalable and efficient.
Matt Barr, CEO of Send Payments, expressed pride in the partnership, noting that their goal is to deliver world-class international payment solutions to Australia’s small business community. He explained that their intuitive and reliable technology reduces the complexity, risk, and effort typically involved in cross-border transactions. This allows partners like pay.com.au to focus on enhancing their core services and expanding their offerings. The collaboration reflects a shared vision of making global payments more accessible, rewarding, and perfectly suited to the needs of growing enterprises.
Pay.com.au was founded by Damien Waller and Edward Alder, who also own Australia’s largest frequent flyer publisher, Point Hacks. Since processing its first payment in March 2021, the platform has handled millions in transaction volume, enabling thousands of Australian business owners to finally earn rewards on essential business expenditures.
(Source: ITWire Australia)
