Mitrade taps Azupay for real-time payments

Friday 20 May 2022 12:35 CET | News

Australia-based trading broker Mitrade has partnered with payment platform Azupay to make deposits and withdrawal of funds faster for Australians.

Mitrade is a Forex trading platform from Australia. Since 2018, it pursued a mission to bring simplicity in trading through innovation. Azupay is a fintech that uses PayID and New Payments Platform (NPP) to support its consumer-to-business transactions.

Azupay company officials explained that Mitrade customers will use a system-generated unique pay ID to deposit funds, which makes the transaction fast. Similarly, Mitrade will use an ID as well to transfer funds instantly in their consumers' bank accounts. Azupay ensures zero clearance time for funds.

Azupay is a fintech in Australia and is integrated with most accounting systems and ERP like Xero. Some other partnerships of the company are with Service NSW, a government service in New South Wales for people and businesses, and Precinct, a division of the cash management provider, Prosegur. Azupay is independent of banks so customers can continue to transfer funds using their Azupay account after switching their bank accounts or banks.

Mitrade has over 400 tradable products which include shares, Forex, cryptocurrencies, and indices. This product diversity, coupled with features like economic calendar, trading strategy, and trading education are what the company offer to satisfy the needs of traders. It has put in place a self-regulatory transparency mechanism that oversees pricing data and information about products.

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Keywords: partnership, trading platform, real-time payments, instant payments, cryptocurrency, product upgrade
Categories: Payments & Commerce
Companies: Azupay, Mitrade
Countries: Australia
This article is part of category

Payments & Commerce




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