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Hyperwallet Moves Into Australia

US-based global payments company Hyperwallet has opened an Australian HQ in Sydney as it seeks to expand its digital payments system internationally.

The move follows reception of a financial service licence from the Australian Securities & Investments Commission. It’s Hyperwallet’s third site outside the USA, following London and Vancouver. Down Under outfits that have signed up for the payments service include Freelancer.com, Marketplacer.com and Tripfuser.

Simon Banks, a former PayPal exec and now Hyperwallet Australia MD, told Australian IT: “Australia punches above its weight in terms of innovation and adoption of marketplace and sharing economy businesses.” 

He said high e-commerce penetration, very high mobile adoption, digital-savvy consumers and strong payments infrastructure, made Australia :an attractive destination for global giants looking to expand into Asia-Pacific.

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