Claiming the launch as Australia’s first telco/payment bundle, More Telecom has partnered with ASX listed Tyro Payments (ASX: TYR) to offer traditional merchant facilities with no lock in contracts, no joining fees and no cancellation fees.
According to More, the move by a telecommunications company into merchant services is a “strategic yet lateral decision aimed at delivering value-bundles for small and medium businesses”.
More says its management team already has over 10 years’ experience in the payments space having sold merchant facilities on behalf of two of the big four banks.
Managing Director, Andrew Branson, say most businesses were examining their cost bases during Covid19 and now “actively seeking savings”.
“More has excellent established relationships with thousands of business customers via our NBN suite of products and services so we can offer a telco/payments bundle that’s unrivalled anywhere else,” Branson said.
“In many cases we’re able to pass on a significant saving to the business through a combination of rates and technology solutions like least cost routing, which many businesses are now exploring.
“The decision to partner with Tyro was a simple one as the company has proven to be so strong within the SME space and have a real ambition to grow” he said.
According to More, the business has successfully come through a testing period and now has an active sales force spread across Melbourne, Sydney, Adelaide and Perth.