Pioneering fintech venture launched

A partnership among financial technology prime movers GCash, Xendit and Australia’s Ezypay enabled GCash to support recurring payments for the first time, enhancing digital payment solutions for local businesses, thus, gaining support from the Australian Embassy.

Ezypay’s membership in the Australia New Zealand Chamber of Commerce (ANZCHAM) plays a pivotal role in fostering strong economic ties between Australia and the Philippines.

ANZCHAM facilitates such partnerships by providing a platform for networking and collaboration among businesses in both countries.

Strong partnerships

“Australia is helping advance fintech in the Philippines through strategic partnerships. Australia’s robust fintech ecosystem fosters innovation and collaboration, enabling Australian firms like Ezypay to develop solutions that support financial inclusion and economic growth,” said Australian Ambassador to the Philippines, HK Yu.

The partnership builds on Australia and the Philippines’ memorandum of understanding (MoU) signed between FinTech Alliance.ph and Austrade in November 2023.

This agreement aims to enhance fintech policy and regulation, promote knowledge sharing, improve access to capital opportunities, and address market barriers.

Looking ahead, the collaboration between Australia and the Philippines will focus on leveraging this MoU to drive digital transformation and financial inclusion across the region.

It will continue working with organizations like ANZCHAM to foster synergies and innovation. By sharing expertise and resources, both countries aim to create a more connected and prosperous future.