How carsales and Monoova Are Revolutionising Car Payments in Australia

March 28, 2025
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carsales, Australia’s #1 digital auto marketplace, partnered with Monoova, an Australia owned payments provider to launch their industry leading solution, 'Pay through carsales'. This new feature is transforming how Australians buy and sell vehicles online, making the process safer, simpler, and more efficient.

In this video, Nicholas van den Brink, Head of Product, New Ventures at CAR Group, shares the vision behind the new payments solution, the reasons for choosing Monoova as their preferred payments partner, and the powerful capabilities that are driving real value for customers.

"Monoova are leaders in fast payments and that's a really key capability in creating the customer experience that we're looking for. But one of the features that was really important for us in making the partner decision with Monoova is their Ledger capability..."

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What are virtual accounts?

A virtual account is a unique account number assigned within a main settlement account. Businesses that have integrated Monoova have virtual account capabilities we refer to as ‘Automatcher’. This is the unique payment destination clients pay their deposits into (either using BSB and account number or PayID). With Automatcher, payments are instantly identified and easy to reconcile because they are matched to a single user.