Client Success
Client Success
Client Success

Automated payments create ground-breaking wins

February 15, 2021
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Payments processing shouldn’t hold you back

Processing payments manually affects business efficiency. Manual payments are time consuming, prone to errors and don’t include real time payment options.

Today, payment methods and automatic payments are now faster than they have ever been. Financial institutions and other businesses must be free to scale without being hindered by payments processing. Businesses must be free to focus on their customers and shouldn’t have to worry about managing payments.

Manual payments processing methods were impacting Jacaranda Finance’ efficiency. Since they operate on a 24/7 basis, Jacaranda Finance needed a payments solution that could integrate seamlessly with their existing systems. What was once time consuming manual transactions are now processed in seconds.

About Jacaranda Finance

Jacaranda Finance provides personal loans. Customers can apply for a personal loan in minutes. Their aim is to provide all customers with flexible payment options, to give them a“fair go at Finance” . Customers are swiftly provided with instant outcomes once they have submitted an application, 24/7, 365 days a year.

Personal loans are then available in customer’s bank accounts, ready for use within 60 seconds. Jacaranda is now a market leader in the lending industry, with thousands of happy customers across Australia.

Market-leading processing times

With Monoova’s APS, Jacaranda Finance processed transactions in seconds. This saved time and money on in-house administrative costs. Direct debit payments and credits were reconciled swiftly. Payouts that once took several hours are now automated.

Paying by direct debit or cancelling a direct debit has also been streamlined by APS. This greatly increased cash flow, business efficiency and customer satisfaction.

Through implementing APS alongside their existing payment system and business model, Jacaranda can now process payments in real-time. Integrating with Monoova didn’t involve complicated software development. One single API integration and Portal to control everything was all it took.

Jacaranda Finance successfully implemented APS through Monoova’s RESTful API’s. Monoova’s solution resulted in market-leading processing times.

Monoova’s payments solution provided them with a full-featured and documented API. The success rate of instant payouts, along with service uptime were greatly improved. Jacaranda Finance seamlessly automated more than 50% of their payments processing.

Get in contact with us.

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Disclaimer: 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, statements made by 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 or statements made 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

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