Australian FX expert Send Payments and property exchange platform PEXA have joined forces to digitise global currency exchanges, with a focus on enhancing the experience for legal and conveyancing practitioners transacting property via PEXA Exchange.
A successful tech partnership
The innovative integration addresses industry feedback for a simplified, streamlined approach to foreign exchange transactions. The direct access within the PEXA platform aims to eliminate the historically complex and manual processes associated with legal and conveyancing services.
The upcoming full integration, expected within the next six months, expands on the existing successful partnership between the two Aussie-born tech startups, with Send providing PEXA customers with a streamlined solution for international currency exchange since mid-2022.
PEXA, founded in 2012, has been a trailblazer in digital transformation, replacing traditional conveyancing processes with an efficient online property exchange platform.
Enhancing convenience and efficiency
Les Vance (pictured above), PEXA’s chief customer officer, highlighted the tech partnership’s significant benefits for the platform’s 10,000 practitioner customers, providing them with even greater convenience and efficiency when disbursing funds internationally.
“This next phase in our partnership with Send marks a significant milestone for both companies and reflects our shared vision and commitment to drive the benefits of digitization in property settlements,” Vance said in a media release.
Paul Billing, CEO of Send, acknowledged the partnership's value in simplifying and improving the customer experience throughout the payments process.
“This game-changing partnership will set a new industry benchmark, driving payments innovation and transforming property settlements for forward-thinking businesses and their customers,” Billing said.
The Send CEO said the company was committed to working with customers and the industry to drive further growth and efficiency opportunities.
“We are already actively supporting various governing bodies, and our close collaboration to serve the needs of the conveyancing industry remains important to us.” Billing said.
Get the hottest and freshest mortgage news delivered right into your inbox. Subscribe now to our FREE daily newsletter.