A new payments platform has launched in Australia, with the aim of reducing the cash flow pressures that crimp the growth of SMEs.
Zenith Payments is claiming that its B2Bpay system will have the same impact on business transactions as BPAY had on the consumer payment market.
“We know from talking to SMEs what their problems are and have designed B2Bpay from the ground up to solve those problems,” Zenith Payments general manager Kevin Butler said.
“B2Bpay is an innovative single portal solution where SMEs can pay all their business expenses, including tax, by credit card whether or not the biller actually accepts credit cards.”
The platform is free to join, and accepts payments from all billers, including those that do not accept credit cards.
Zenith Payments has also teamed up with Qantas Business Rewards, allowing users to earn reward points while making and receiving payments.
“The Qantas Business Rewards program makes it easy for business owners to earn Qantas Points on their everyday business expenses. Having the opportunity to earn points on payments through B2Bpay makes doing business easy and means business owners can be rewarded for simply paying their bills,” said Eric Jelinek, head of Qantas Business Rewards.