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.
Christian Westerlind Wigstrom, Monoova CEO and Co-Founder, said: “This really is very exciting! As one of the first payment initiators to switch on PayTo, we’re delighted to bring that product to a wider audience. Working with Primer, we’re making the speed, security and automation of PayTo and PayID available to even more Australian based businesses as part of their standard checkout options.”
Not only that but, in the near future, the partnership will also enable Monoova’s customers access to more digital payment options, including Apple and Google Pay through Primer. Clients of Monoova will be able to capture more transactions, providing additional secure checkout options across more payment methods.
By 2025, digital wallets are expected to be the main payment method for Australian consumers, making it essential for businesses to have a broad range of payment options to increase their growth. Christian also stated: “This partnership will not only support our clients to grow and success with improved cash flow efficiencies and instant 24/7 settlement, it will also give them access to a broader range of digital payment options.”
At Monoova, we specialise in automating high volume payments across multiple payment rails. For years we’ve made sophisticated payment methods available to technology platforms, the partnership with Primer is valuable addition to our commitment to providing the best solutions for our clients here in Australia and overseas.
Things you should know
The above information is prepared by Monoova Payments Pty Limited (ABN 38 126 015 227) trading as Monoova (Monoova or We). Monoova is the authorised representative of Monoova Global Payments Pty Ltd ABN 77 106 249 852; AFSL No. 421414 (formerly known as Moneytech Limited), 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 ancillary agreements and documents referred to therein are available by contacting Monoova at email@example.com. The above is factual information and given in summary form, and does not purport to be complete. Information does not take into account of 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 information contained above is 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. Information current as at 9 February 2023. [c] Mononoova.