Payments Revolution

June 20, 2022
Share

How payments can affect speed, efficiency, risk protection and UX

In June, Monoova's CTO, Nicholas Tan, joined  BDO’s Global leader for Fintech, Tim Aman and and Kallan Hogan from Mastercard to discuss the Payments Revolution as part of BDO's Fintech Fridays series. You can watch the webinar replay below as they debate how modern digital payments affect payment speed, efficiency, risk protection, and user experience and of course no payment revolution discussion is complete without talking to the pending switch on of PayTo.


Get in contact with us.

Monoova Payments Pty Ltd (ABN 38 126 015 227) trading as Monoova (“Monoova”) is the authorised representative of Monoova Global Payments Pty Ltd (ABN 77 106 249 852; AFSL No. 421414 ), the issuer of the Combined Financial Services Guide & Product Disclosure Statement Non-Cash Payment Products and Services dated 20 September 2023. (FSG/PDS). This information is given in summary form and does not purport to be complete. To the maximum extent permitted by law, Monoova does not assume responsibility for, the content, accuracy or completeness of the information presented. Before acting on any information you should consider the appropriateness of the information having regard to these matters and 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.

Related Articles

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.‍

Real-time payments are more than just speed

Real-time payments (RTP) are electronic payment solutions available 24/7, 365. RTP results in immediate or close to immediate interbank clearing of a transaction and crediting of a a payee’s account. Real-time payments are fast, touchless and also facilitate better data and increased certainty of payment.

Future-proofing payments in the insurance industry

The financial landscape in Australia is on the brink of a monumental shift, driven by mandatory regulatory changes. For the insurance industry, this change marks a significant turning point. Incorporating real-time payments into the insurance sector is about more than just compliance—it’s about delivering superior value to both customers and insurers.

How to elevate your investment platform’s payment experience and Make Money Move

As trading has become more accessible with lower barriers to entry, a growing number of people are signing up to trading platforms. Discover how to enhance your investment platform with seamless funding, faster payouts, and real-time updates.