PhotonPay Unlocks AUD Collection Capabilities to Catalyze B2B Trade Growth in Australia

Product Update | 2026-05-08 11:00:00

HONG KONG, May 08, 2026 -- PhotonPay, a next-generation financial operating system, today announced the official launch of its Australian Local Account capabilities. This strategic expansion allows global businesses to open local AUD accounts online, enabling them to receive payments directly through Australia's local clearing networks.

By reducing the complexities of traditional international wire transfers, PhotonPay is empowering businesses to treat the Australian market with the same agility and cost-efficiency as a domestic player.

The Australian Opportunity: A $50 Billion Frontier

The launch comes at a pivotal moment for cross-border commerce in the region. Australia's digital economy is entering a phase of rapid maturation, with the B2B payments market valued at USD 25.5 billion in 2025 and projected to surge to USD 46.7 billion by 2034.

Despite this growth, traditional banking corridors remain a bottleneck. As of late 2025, the average cost of international money transfers via major banks remained around 4% for advanced economies, significantly higher than G20 efficiency targets. PhotonPay's local account offering directly addresses these inefficiencies, providing a high-speed, low-cost alternative for businesses navigating the Australian corridor.

PhotonPay Australian Local Accounts: Built for Efficiency at Scale

To truly compete in the Australian market, global businesses need the speed and transparency of a local. PhotonPay's AUD accounts are designed to bridge this gap, offering a seamless way to manage regional trade at scale.

Intermediary-Free Settlement: By utilizing Australia's local clearing networks, funds are transferred directly from the payer to the recipient. This eliminates the need for intermediary banks, ensuring faster settlement.

Zero Intermediary Fees: Businesses no longer have to suffer from hidden deductions. Local accounts remove the traditional lifting fees and processing charges associated with SWIFT transfers, maximizing profit margins for global exporters.

Enhanced Liquidity Management: Businesses can collect, hold, and manage AUD natively. This allows for more strategic FX timing and simplifies reconciliation by matching local currency inflows with Australian tax and vendor obligations.

Enterprise-Grade Compliance: Built on PhotonPay's robust regulatory framework, the local account service integrates advanced KYB, KYC and anti-fraud protocols, ensuring every transaction meets both global and Australian financial standards.

"Our focus has always been on removing the distance from global trade," said Chao Xu, VP of Product at PhotonPay. "With the introduction of Australian Local Accounts which integrate directly into the local clearing rails, we enable our clients to offer their Australian partners a seamless, domestic payment experience, effectively turning global complexity into local simplicity."

The launch of Australian local accounts further strengthens PhotonPay's growing network of global and local account capabilities. By combining localized access with centralized control, PhotonPay enables businesses to manage collections, treasury, and payouts across multiple markets within a single platform.

With continued expansion into key markets worldwide, PhotonPay remains committed to redefining how businesses scale globally—connecting local operations with global opportunity.

About PhotonPay

PhotonPay is a stablecoin-powered financial operating system built for global infrastructure. Designed for modern enterprises and platforms, PhotonPay enables businesses to send, receive, convert, and settle funds across both fiat and stablecoin rails — through a single, compliance-first integration. With coverage spanning 200+ countries and territories and regulatory authorizations secured across key global markets, PhotonPay is redefining the efficiency of global B2B liquidity.

For more information, visit [www.photonpay.com].

*The availability, features, and regulatory treatment of PhotonPay's products and services may vary depending on the user's location, business model, and the laws and regulations that apply. Actual outcomes may differ due to market conditions, technological constraints, and regulatory developments, and PhotonPay makes no express or implied representation, warranty, or guarantee as to the achievement of any particular result. Access to certain capabilities is restricted to eligible customers only.

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