pay.com.au launches FX rewards feature for SMEs

pay.com.au has launched International Payments, a new foreign exchange (FX) feature that combines competitive rates with a flexible rewards program, allowing small and medium-sized businesses to earn and redeem rewards on every cross-border payment.

Powered by Send Payments, the new service enables businesses to manage domestic and international transactions from a single platform. It supports eight major currencies — AUD, USD, GBP, CAD, HKD, NZD, SGD and EUR — and facilitates payments to more than 30 countries.

According to pay.com.au, International Payments is the only FX feature in Australia that allows businesses to earn flexible rewards on international transactions through its PayRewards program. Rewards can be redeemed across a range of partners rather than being tied to a specific airline or card network.

“Australian SMEs deserve payments that work as hard as they do,” Grant Austin, CEO of pay.com.au, said.

“With International Payments, businesses get smarter – and simpler – cross-border transactions at competitive rates and with the most flexible rewards on the market.”

Austin said the launch marks a key step in the company’s goal to create a unified payments platform for SMEs.

“By bringing together innovative solutions in one place, we’re helping businesses manage all their payments needs without added complexity,” he said.

The feature is supported by Send Payments’ compliance-first infrastructure and enterprise-grade API, which integrates FX and cross-border payment functions into pay.com.au’s existing system.

Matt Barr, CEO of Send Payments, said the partnership with pay.com.au aims to simplify global transactions for Australian businesses.

“Our intuitive and reliable technology solutions reduce the complexity, risk and effort associated with enabling cross-border transactions, allowing partners like pay.com.au to concentrate on their core services and grow their offerings,” Barr said.

“This partnership is a testament to our shared vision of making global payments more accessible, rewarding and aligned with the needs of growing businesses.”