As part of efforts to simplify its business, Australia Post has sold its online payment service SecurePay to digital payments provider Fat Zebra.
According to Australia Post, the sale follows a detailed review. An extended handover period will ensure a smooth transition for merchants and customers.
SecurePay was acquired by Australia Post in 2010 and has processed transactions and all-in-one payments for more than 35,000 businesses.
Australia Post’s group chief financial officer, Michael Bradburn, said the sale is a key deliverable of the post’s Post26 Strategy to simplify the business. “With the sale of SecurePay, Australia Post remains focused on delivering an improved customer experience and building a sustainable business while carefully managing costs,” he explained.
“Our merchant customers can expect the same high-quality service and support they have always received, and we will work hard to ensure their transition to Fat Zebra ownership is seamless.”