Fraud detection and payment automation company Gobbill and Chinese mobile payment company AirPay, have embedded Alipay and WeChat payments into a popular media platform to allow users to pay Australian bills with China’s favourite payment methods.
Over one million users will have the capability to pay Australian bills with WeChat Pay and Alipay, with a market-first feature called “ToPay” in popular Chinese media app, Today Australia.
The ‘ToPay’ feature will allow Today Australia users pay and categorise bills including phone, utilities, school fees, council rates and more, within a single app.
Users will also receive access to a rewards program, such as discount meals via popular Asian food delivery platform Hungry Panda.
What does this mean for Airpay and Gobbill?
AirPay’s Head of FinTech, Simon Tse said: “We are thrilled to announce our industry collaboration with Gobbill to provide Australian-Chinese a seamless and secure way to pay bills via smartphone. Our new payment platform “ToPay” helps us open new verticals, in addition to our wide QR payments coverage in high-end retail brands such as Gucci, Victoria’s Secret, Sneakerboy, Champion, Glue Store owned by Kering group, Valiram group, LRG group, Hanes Brands and Next Athleisure”.
“Chinese sales across retail are down 30-50 per cent this month, and we predict it will be a difficult financial year for many companies. Our next goal is to drive one million Chinese consumers to merchants via the everyday usage of our app,” said Tse.
Gobbill CEO and co-founder Shendon Ewans said: “Gobbill CEO and co-founder Shendon Ewans said: “The timing is right to bring the two technologies together to process Chinese payments in Australia. We expect the convenience of making payments through a media app and associated rewards as an advantage.”
The payments function will be enabled by Gobbill as part of the company’s growth into the broader payments sector, particularly in connecting global markets with seamless and secure payments. Using AI automation, Gobbill forensically extracts data from invoices, checks for fraud and executes the payments.
Gobbill expects to debut and showcase its “Know Your Biller™” fraud detection technology at prestigious UK investment events such as this year’s EIE20 driven by what the UK Financial Conduct Authority calls an “epidemic” of 3.8 million fraud cases reported in 2019. This month, Gobbill UK has also been accepted into the Royal Bank Accelerator program and their UK office will be based at the Royal Bank of Scotland’s accelerator program.