(10 July 2023 – Australia) OFX has partnered Shift to integrate the group’s foreign exchange (FX) offering into the Shift Business Overdraft.
The integration enables Shift Business Overdraft customers to book international money transfers with OFX from within their Shift accounts, improving user experience and avoiding using multiple platforms.
The integration expands OFX’s capability and presence as a global FX and payment services provider while offering Shift’s customers a streamlined international payment experience.
“OFX’s integration with Shift brings additional value to their business customers who can save time and money when paying overseas suppliers. It also provides OFX with greater scale in the business segment, while expanding our reach. Combining Shift’s service excellence and business finance expertise with OFX’s international payments platform, which includes global licences and technology, enables Shift customers to benefit from competitive exchange rates in over 50 currencies” stated OFX Head of Enterprise Sales and Partnerships, APAC, Dane Hart.
“With this partnership, we’ve continued to expand our payment platform capabilities alongside a premium Australian-based partner. By integrating the OFX service into the Shift platform, we’re helping thousands of Australian businesses that operate across borders focus more on running their businesses and spend less time on their finance processes. We’re saving businesses time, while they can be confident that their payments and transfers will be completed on time” commented Shift Head of Product Strategy, James Spence.