International payments services provider Ozforex Group Ltd (ASX:OFX) has partnered with accounting software developer Xero to make payments easier for Xero customers.
Thanks to the partnership, Xero’s Australian customers, who have also registered with OzForex, will be able to automatically make international payments against Xero invoices directly from the OzForex platform.
This API connection is expected to become available to Xero customers in other regions over the coming months.
Richard Kimber, OzForex Group CEO, said:
“We are excited to partner with a well-known and trusted brand like Xero, with a strategic relationship that will make international invoice payments simple for Xero customers.”
“The partnership is consistent with our Accelerate Strategy, targeting wholesale opportunities that embed our services in already established ecosystems. We believe this partnership will result in increased brand awareness and lead to further customers for OzForex.”
Ben Styles, Head of Strategic Partnerships, Financial Services, at Xero, said:
“We chose to work with OzForex as they are a proven player in global payments, using trusted payment systems that give businesses access to lower cost international payments. Most small businesses simply don’t realise how much they are paying to transact with customers, suppliers, or employees in other countries.
“We’re confident that OzForex will help Xero customers become more informed and reduce their costs, without being held up dealing with old-world financial services providers.”
To view the official announcement by OzForex, click here.