Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Thursday, May 19 2022 - 17:59
AsiaNet
Mitrade Partners With Azupay for Real-Time Payments
MELBOURNE, Australia and NEW YORK, May 19, 2022 /PRNewswire-AsiaNet/ --

Mitrade enters into a strategic partnership with Azupay to ensure smarter and 
safer real-time payments for its customers in Australia.

The Australian Forex and OTC derivatives trading broker Mitrade announces 
partnership with NPP-powered payment platform Azupay to make deposits and 
withdrawal of funds fast, smart, and secure for its customers in Australia.

Mitrade is a leading Forex trading platform from Australia. Since its 
restructuring of team and resources in 2018, Mitrade consistently pursued a 
mission to bring simplicity in trading through innovation. Azupay is an 
innovative fintech company and a leader in consumer-to-business payment 
solutions in Australia. It uses PayID and New Payments Platform (NPP) to power 
its consumer-to-business transactions.

"We are delighted to announce that Mitade is collaborating with Azupay to 
smooth out our payment process. Now Mitrade users in Australia can transfer 
payments in real time without delay in the clearance of funds. Mitrade users 
can deposit funds instantly in their Mitrade accounts whenever they want to 
enter the market and trade forex, as well as commodities, major indices, shares 
and more. We thank our customers who stood by us and supported us through the 
years and made it possible for us to grow to this level. Without their trust, 
we wouldn't have made it this far. Our team is consistently working on 
integrating Mitrade with the latest technologies to make investment and trading 
intuitive and fast," said a representative of Mitrade.

Mitrade launched a self-developed trading platform in 2019. Shortly after that 
it launched mobile apps for iOS and Android. Its WebTrader and mobile apps 
garnered massive positive response from the public. As of today, Mitrade's app 
on Google Play has received over 1 million downloads.

"This partnership will help our customers deposit funds in their Mitrade 
accounts anytime, anywhere, without worrying about clearance delays," added the 
representative of Mitrade, "In line with our mission to simplify Forex trading, 
we have streamlined our payments system. Mitrade is devoted to ensuring 
transparency in all trading transactions. Our collaboration with Azupay will 
bring us one step closer to reduce fraud and bring more clarity in the 
execution of trading transactions."

Mitrade has quickly grown into a 1,100,000-user family in less than three years 
on the back of robust risk management, transaction transparency, extensive 
research tools, and a super-responsive customer service. Mitrade has been 
featured on Bloomberg, MarketWatch, Yahoo Finance and Associated Press. To see 
feature articles about Mitrade, please visit www.mitrade.com/about-us/media

"Our collaboration with Mitrade will bode well for both companies and Mitrade's 
customers. Our real-time, low-cost payment system ensures instant funds 
transfer for consumers and businesses. Now Mitrade customers in Australia can 
deposit or withdraw money in their Mitrade accounts in seconds. There will be 
no delayed transfers over the weekends or during public holidays. Azupay works 
24/7, 365 days a year to ensure each payment arrives on time, always. Mitrade 
customers will use a system-generated unique pay ID to deposit funds, which 
makes the transaction fast and secure. Similarly, Mitrade will use an ID as 
well to transfer funds instantly in their consumers' bank accounts. Azupay 
ensures zero clearance time for funds. We believe our long-term strategic 
partnership with Mitrade will benefit all stakeholders, especially our users," 
said a representative of Azupay.

Azupay is a leader in innovative fintech in Australia and is integrated with 
most accounting systems and ERP like Xero. Its Azupay-powered PayID for Xero is 
the winner for Xero Emerging App of the Year. Some of the most noteworthy 
partnerships with Azupay are Service NSW, a government service in New South 
Wales for people and businesses, and Precinct, a division of the world's 
leading cash management provider, Prosegur. Azupay has been frequently featured 
on the Australian Financial Review. Azupay is independent of banks so customers 
can continue to transfer funds using their Azupay account after switching their 
bank accounts or banks.

"Azupay changed the way people pay in Australia," added the representative of 
Azupay, "By partnering with Mitrade, we aim to expand our business client base 
and bring a large section of Australian consumer base into the folds of smart 
digital economy. Our swift payment system will make Forex trading easier for 
Mitrade users. What brings Azupay and Mitrade close is our innovative spirit 
and a strong urge to simplify the user experience for our users. Our dedicated 
team is consistently working to innovate and minimize fraud in digital payment 
transactions."

Mitrade has over 400 tradable products which include shares, Forex, 
cryptocurrencies, and indices. This product diversity, coupled with 
cutting-edge features like economic calendar, trading strategy, and trading 
education, has made Mitrade a powerful customer magnet. Mitrade has put in 
place a self-regulatory transparency mechanism that oversees pricing data and 
information about products This transparency system has significantly fuelled 
the growth of Mitrade.

Mitrade has won several awards including the Most Innovative Broker 2022 and 
the Best Trading Platform 2022 by FxDailyInfo and the Most Transparent Forex 
Broker Global 2022 by International Business Magazine. To view the full award 
list, please refer to www.mitrade.com/about-us/awards

For media inquiries, please contact Ms Belle Toh at belle.toh@mitrade.com

About Mitrade

Mitrade is a leading Forex broker and an innovative financial technology group 
with a mission to simplify trading for all. Mitrade functions under strict 
regulations by the Mauritius Financial Services Commission (FSC), Australian 
Securities and Investments Commission (ASIC) and the Cayman Islands Monetary 
Authority (CIMA). Mitrade's founding team consists of tech-savvy people and 
finance experts who strove to create an intuitive Forex trading platform. 
Mitrade conscientiously pursues its mission to innovate and make Forex trading 
simple. Explore Mitrade at www.mitrade.com.

Mitrade's OTC derivatives trading contains leverage which can cause the loss of 
your entire capital.

About Azupay

Azupay is Australia's first NPP-powered Customer-to-Business digital payment 
method. It designs its products for the digital economy. Since its 
establishment in 2019, Azupay is on a mission to help businesses, governments, 
and consumers in sending or receiving payments faster and safer. Azupay is a 
leading Australian fintech group, which uses New Payments Platform (NPP) 
technology to produce payment solutions for consumers and businesses. To learn 
more about Azupay, visit www.azupay.com.au.

SOURCE  Mitrade