Leading digital banking and payments company Novatti Group Limited’s (ASX:NOV) China-focused, cross-border payments platform, ChinaPayments, has been added directly to the main page of Alipay’s app. This will enable Alipay’s users to directly pay their Australian bills.
In early 2018, Novatti launched ChinaPayments as a first to market platform enabling Chinese residents, including students, to pay Australian BPAY bills using Chinese currency. These bills include education fees, utilities, rent, council rates, and phone bills.
Managing Director, Peter Cook, said that over the past year, more than 500 BPAY billers have received payments through the ChinaPayments platform.
Mr Cook added that being included on Alipay’s app homepage will enable Alipay users to enjoy the convenience of easily making these bill payments within the app.
Novatti has enjoyed a constructive partnership with Alipay, a global major third-party mobile and online payments platform,” Mr Cook said.
“Our close co-operation has led to the integration of ChinaPayments into the Alipay platform and validates our strategy of working with tier one providers.
“This partnership provides an innovative solution that enables Chinese residents to pay their bills easily, and enables many Australian billers to improve their cashflow through on-time payment.
“It has also led to an immediate increase in consumer enquiries and social media interaction on ChinaPayments and ultimately more transactions.”
Novatti receives a fee per transaction with the amount of revenue dependent on take-up.