Under the agreement, customers will be able to use their AMEX card to pay their bills through the Sniip bill management app, for any of the 60,000 service providers that accept payments through BPAY.
The partnership with American Express is expected to help Sniip rapidly scale its business and build on its current 30,000 platform users.
Damien Vasta, chief executive of Sniip said the app will be promoted via the Amex Offers Program to all Australian American Express card members.
“This is a great way to offer the benefits of the Sniip app to a large network of people, all of whom pay bills, with an added incentive for first-time users,” Mr Vasta commented.
Sniip was recently enabled as a BPAY Payer Institution Member.
To date, the fintech has processed more than $80 million worth of bill payments.
Its users will now be able to scan the BPAY Biller Code or import a bill from their email using the app.
“Until now, customers have often not been given the option to pay their household bills using an American Express card, as many businesses have not made it available for their customers,” Mr Vasta said.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].