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Tech firms partner up to streamline property transactions

By Orana Durney-Benson
17 November 2023 | 11 minute read
les vance pexa mb n3rhde

Send Payments and PEXA have joined forces to make foreign exchange transactions quicker and easier.

Historically, foreign exchange property purchases have been complicated and time-consuming, riddled with conveyancing and legal services obstacles. But according to Australian property exchange platform PEXA, this may soon be a thing of the past.

The tech firm recently partnered up with Aussie-born foreign exchange specialist Send Payments to simplify foreign exchange property transactions.

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According to PEXA, practitioner feedback was the driving force behind this recent development. PEXA chief customer officer Les Vance reported that the partnership would allow customers to benefit from “greater convenience and efficiency when disbursing funds to overseas accounts on behalf of their clients”.

“We are excited to welcome Send on board as our integrated foreign currency exchange partner, and strongly believe in the value this partnership will unlock for our customers,” Mr Vance stated.

Paul Billing, CEO of Send, was equally enthusiastic about the new technology partnership. He predicted: “This game-changing partnership will set a new industry benchmark, driving payments innovation and transforming property settlements for forward-thinking businesses and their customers.”

Mr Billing expressed his belief that the collaboration with PEXA would simplify payment processes, drive simplicity and improve the customer experience.

“Over the coming months, we look forward to continuing to work with our customers and the industry on driving further growth and efficiency opportunities,” he stated.

“We are already actively supporting various governing bodies and our close collaboration to serve the needs of the conveyancing industry remains important to us.”

The PEXA and Send integration is expected to be fully completed over the next six months, and will be accessible from within the PEXA digital transaction platform, PEXA Exchange.

PEXA reported that the collaboration aims to “enhance the international payments experience for legal and conveyancing practitioners transacting property via the PEXA Exchange”.

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