About Novatti China Payments
ChinaPayments.com.au is a trading name of Flexewallet Pty Ltd (AUST), a 100% owned subsidiary of the Novatti Group (ASX:NOV).
Chinapayments.com.au was founded in mid 2017 with the goal of providing a better cross-border payment solution service for Chinese to pay local Australian bills in Chinse Yuan(RMB). We aim to give our customers the most seamless payment experience, make the process of paying AUD bills easy with RMB, instant and hassle-free.
It will be a long road to reach our goal. The timeline below shows where we are today, where we are going and how we plan to get there.
Since 2016, Novatti has been developing footprints in the ever-growing China-Australia payment market, successfully expanding payment services to cover Australian e-commerce and trade payments through WeChat Pay, AliPay, JD Pay and 19 banks of China and also enabling Chinese visitors to use their WeChat Wallet to make purchases at local Australian stores. As a result, Novatti continues to increase its transaction processing in this industry.
Apart from providing payment support to retail, e-commerce and trading businesses across Australia, Novatti discovered that there is a market gap in providing cross-border payment alternatives directly to local Chinese residents. According to research, market feedback shows that the demand to spend CNY(RMB) is increasing based on the numbers of new migrants, international students and travellers entering China each year. What’s more is we have seen an increase of index search about “BPAY” and “how to use BPAY” among the Chinese community.
We knew something had to be done, so we started work on developing a service platform closely working with our partners from BPAY and NAB, together making it possible for to pay BPAY bills in CNY/RMB, a more convenient solution to paying bills.
We launched our website and services
We will begin rolling out our service to the rest of the world. Working with partners in multiple countries to enable customers to pay local bills with CNY(RMB) using our platform chinapayments.com
A mobile app will make our service even more accessible and easy to use
An API will help developers to integrate our service into their own apps and websites
For more information about Novatti Group, please check out on www.novatti.com