How Australia's Payments Reforms will Reshape Insurance in 2025

May 6, 2025
Share

Our Chief Commercial Officer, David Greene, shares his insights as a keynote speaker at the Future of Insurance Conference 2025 in Sydney. David highlights how insurers can leverage innovative payment technology to maintain competitiveness, boost efficiency, and improve customer experience.

The Australian government’s modernisation of the payments system including the phasing out of BECS by 2030 will significantly impact insurers, particularly in operations, compliance, and customer expectations. David explores how Monoova's payment solutions can help insurers prepare for these changes and stay ahead of the curve.

Watch the full keynote below:

Monoova Payments Pty Limited (ACN 126 015 227 | AR No. 428863) trading as Monoova (Monoova) is the authorised representative of Monoova Global Payments Pty Ltd (ACN 106 249 852 | AFSL 421414) (Monoova Global), being the issuer of the Combined Financial Services Guide & Product Disclosure Statement Non-Cash Payment Products and Services (FSG/PDS). Copies of the FSG/PDS and the terms and conditions of the products and services offered by Monoova and Monoova Global (disclosure documents and terms) are available by contacting Monoova at support@monoova.com. You should consider the relevant disclosure documents and terms before deciding whether to acquire, or continue to hold, the product or service. The information provided on this website is factual information, is given in summary form, and does not purport to be complete. The information set out does not take into account your particular investment objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information having regard to these matters, and in particular, you should seek independent legal, financial and tax advice.

To the extent that the communication/document contains information sourced from third parties or provides link to third party websites, Monoova takes no responsibility for the accuracy, currency, reliability and correctness of any information included in the material provided by third parties nor for the accuracy, currency, reliability and correctness of links or references to information sources (including internet sites) operated by third parties.

©Monoova

Related Articles

Monoova partners with Primer to provide digital payments

Last week we announced that Monoova have joined forces with Primer to incorporate both PayTo and PayID into their commerce and payments automation platform. The move provides Primer’s global customers, with operations in Australia, access to New Payment Platform’s real-time payment method. Spearheaded by the Reserve Bank of Australia (RBA), PayTo is set to transform the management of direct debits in Australia.

Driving efficiency and success for Stables with Monoova

From unmatched payments experience to world class technology and finally the people at Monoova, explore what led Stables to choose Monoova to power their payments.

Monoova are Finnies Award Finalists 2025

Our Chief Commercial Officer, David Greene, shares his insights as a keynote speaker at the Future of Insurance Conference 2025 in Sydney. David highlights how insurers can leverage innovative payment technology to maintain competitiveness, boost efficiency, and improve customer experience. The Australian government’s modernisation of the payments system including the phasing out of BECS by 2030 will significantly impact insurers, particularly in operations, compliance, and customer expectations. David explores how Monoova's payment solutions can help insurers prepare for these changes and stay ahead of the curve.‍

How Rello streamlines its operations with automated payments

“Since deploying Monoova’s services on our hero product, RelloPay, we saw in the first month an 11 % increase in transaction volume through the platform. That volume of transactions simply wouldn't have existed on a platform without these services.” Christiaan Lok, CTO, Rello, shares how their partnership with Monoova has enabled Rello to scale their operations whilst achieving significant time and cost savings.