Braintree branches out in Australia

Global payment platform Braintree has further expanded its presence in Australia with the appointment of former PayPal executive Tyson Hackwood as its head of market development.


The appointment comes as the company announced the number of local companies using its payments platform. Since setting up shop in Sydney last year, Braintree, has the likes of ABC, 99designs, Agworld and Microlancer.


Mr Hackwood, who was instrumental in the establishment of PayPal Here in Australia, said that while Australian start-ups have achieved a degree of success, they “have been missing a key part of the equation to grow their businesses – an easy-to-integrate payment solution that could scale with them.”


According to Braintree, it is now handling more than $2 billion annually in payments outside of the United States and enables businesses around the globe to accept payments in more than 130 currencies.


The local branch will focus on next-generation payment capabilities including one-touch purchasing, mobile payments and foreign currency acceptance, to improve accessibility for online and mobile commerce companies.


Currently Braintree services 4,000 merchants worldwide, in 40 countries, and accepts 130 currencies.


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