Rentpay Launches new International payment choices

RENTPAY LAUNCHES NEW INTERNATIONAL PAYMENT CHOICES

1. Rent.Com.au has launched Alipay, WeChat Pay, and UnionPay payment options on its RentPay platform, targeting expatriates, new migrants, and foreign students in Australia.

2. This initiative makes RentPay the first in the Australian market to offer these international payment options for renters.

3. The partnership with Novatti Group Ltd enables RentPay to maintain its leading position in payment technology innovation.

4. The new payment options are expected to increase the Average Revenue Per User (ARPU) for RentPay.

5. RentPay aims to provide flexibility and choice to renters while ensuring property managers receive payments efficiently and with certainty.

6. The integration of these payment methods into RentPay allows for simple and secure transactions, directly depositing funds into the RentPay account for disbursement to real estate agents.

7. This development addresses the needs of international renters in Australia, facilitating the use of international funds for rent payments.

8. Rent.Com.au‘s partnership with Novatti is part of a long-term collaboration, leveraging Novatti’s technical expertise and understanding of digital payment methods.

9. The company plans to introduce a rewards offering soon and aims to provide renter-friendly payment options at competitive rates.

10. Rent.Com.au‘s mission is to simplify the renting experience through technology, offering products like RENTCHECK, RENTBOND, RENTCONNECT, and RENTER RESUME to empower renters.

This announcement is a summary of the company approved ASX announcement on 07/3/2024.