1 February 2021
AXIchain is proud to announce a strategic partnership with Western Union Business Solutions to underpin the financial integrity of its end-to-end digital supply chain.
‘As part of our ongoing development, we’ve partnered with Western Union Business Solutions, a major global payment business & S&P 500 Company, and as a collaboration, we’ve created the AXIpay payment infrastructure providing an “escrow” style remittance process linked to the AXIchain smart contract’, said AXIchain CEO, Linda Woodford.
The technical payment integration leverages Western Union’s leading global network and banking infrastructure enabling a frictionless experience in the AXIchain system for Australian and International buyers and sellers of Agricultural products who engage with cross border and cross currency payments.
The agri-business team at Western Union Business Solutions and AXIchain support the Australian National Farmers Federation (NFF) plan to increase farmgate production to over $100bn by 2030. This vision starts with enabling equal access to financial services for all business across the agri-supply chain. Partnering with AXIchain creates a platform that supports sustainable growth for those Australian businesses engaging in the agriculture supply chain.
‘Together at AXIchain and Western Union Business Solutions, enabling international trade and helping global businesses be competitive is at the heart of what we do. Our aim is champion the industries and opportunities fueling economic growth and recovery and through our partnership with AXIchain, we are committed to our ongoing support to the Australian Agricultural Industry. This comes at a time when a tidal wave of digital innovation is set to drive sustainable growth as distance becomes less relevant for trade in Australia’s second largest employment industry. We see the role of digital services as a secret weapon in post-pandemic recovery and we are excited about the role this partnership can play in the Agri-business sector here in Australia’ Said Sam Fitzpatrick, Head of APAC Global Payments.
‘We’re providing the Australian agricultural industry with an end-to-end digital supply chain to help maintain global competitiveness. Our mission is to make international trade safe and efficient and ensure Australia retains its excellent reputation as an export nation - providing safe, clean and natural food products in a rapidly changing trading environment’, concluded Ms Woodford.
For more information on the AXIchain end to end digital supply chain for commodity trading, please visit www.axichain.io
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