Kuala Lumpur, 1 February 2023 – Malaysia’s leading payments platform, Curlec has announced its partnership with global small business finance platform, Xero to help empower businesses of all sizes to automate and reconcile their payment collections and take control of their cash flow.  

Curlec will be the first payments provider to offer bank-to-bank payment options such as Direct Debit and FPX to Xero users in Malaysia, in addition to card payments via credit and debit card.

Now available in the Xero App Store, Malaysia, the partnership is the first tie up Curlec has made with a global cloud accounting software after the company announced its majority stake acquisition by Razorpay, India’s leading Payments and Banking Platform, February last year. 

Zac Liew, Co-Founder & CEO of Curlec stated that he was delighted to be working with Xero. 

“We are incredibly proud to be working with Xero to help revolutionise the way businesses transact in Malaysia. This new integration structure is the first step to offer Malaysian business owners who have traditionally relied on disjointed systems and manual processes, the technology that can help run their businesses better with an easy integration into Xero – making their processes better, faster and smarter,” said Liew. 

Whether it is recurring or one-off payments, the partnership aims to solve some of the biggest payment reconciliation issues faced by local businesses historically – getting rid of the previous heavy admin and paperwork to process and reconcile payments. Businesses can now create a seamless payment collection experience online for their customers through Direct Debit, FPX and credit/debit cards, as well as automate its reconciliation process through Xero’s cloud-based accounting software, all within a few simple clicks. This ultimately puts businesses in control of when they get paid and their cash flow.

Xero’s cloud accounting software helps businesses sync bank and financial information, monitor cash flow, reconcile transactions, send invoices and get paid faster with online payment options. The Xero platform can help eliminate manual data entry and provides business owners with seamless bookkeeping, so they can get a better picture of how their business is performing, identify pain points and uncover new opportunities for growth.

Check out the new Curlec integration in the Xero App Store here.