In a pivotal development within the nascent fintech sectors of both countries, Indonesian payment gateway Faspay, and Australian remittance company EzyRemit have embarked on a collaboration.
This alliance was cemented with a Memorandum of Understanding at the Singapore Fintech Festival 2023, and is set to enhance the efficiency and ease of cross-border transactions between Australia and Indonesia. The MOU was formally signed by Eddy Tju, CEO of Faspay, and Elaine Tran, Chief Representative and General Manager of EzyRemit.
The main objective of this strategic ollaboration between Faspay and EzyRemit is establish a comprehensive financial ecosystem to meet the evolving demands of global payment and remittance markets, said the two parties. It is designed to meet the changing needs of global payment and remittance markets by merging Faspay’s expertise in digital payments with EzyRemit’s prowess in international money transfers.
“We are taking a strategic approach by teaming up with EzyRemit to facilitate safer, more affordable, and convenient transactions from Australia to Indonesia. Lastly, this collaboration aims to streamline and enhance the cross-border payment process, making it a seamless experience for users,”
“EzyRemit and Faspay aim to expand our market reach by reaching new customer segments and geographies through diversified service offerings. Ultimately, this collaboration aims to innovate financial services, setting industry benchmarks and creating sustained value for stakeholders, including customers, shareholders, and the broader financial ecosystem,”
The involvement of Austrade, the Australian Trade and Investment Commission, in this endeavour adds a dimension of broader economic significance. This support indicates the project’s alignment with wider economic and trade objectives, suggesting its impact extends beyond the immediate commercial interests of the two companies.
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