Payments Revolution

June 20, 2022

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.

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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.

Payments

PayTo

PayID

Making payments faster and easier for wealth management funds

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The wealth management sector is evolving rapidly, driven by shifting investor expectations and increasingly powerful technology. Wealth management clients, whether they’re everyday Australians building their nest egg, SMSF holders or high-net-worth individuals diversifying their portfolios, increasingly expect fast, flexible access to their money. In a market where timing can significantly impact returns, offering real-time capability gives wealth management platforms the ability to disrupt the status quo and build their reputation as a future-focused, cutting-edge provider.

Payments

PayTo

PayID

The Game-Changer for Business: Real-Time Payments Meets Automated Reconciliation

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In today’s digital economy, every second counts. Whether you’re collecting from customers, paying suppliers or managing transactions – payment delays don’t just waste time, they cost your business valuable resources, erode customer trust and risk losing loyal clients. That’s why more Australian businesses are turning to real-time payments and automated reconciliation to transform the way they manage cash flow, reduce operational burdens and deliver a better customer experience.

Payments

PayTo

PayID

What are virtual accounts?

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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.

Payments

Auto-Reconciliation

The Importance of Payment Automation: Why Lenders Can’t Afford to Wait

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Discover how payment automation is transforming lending. Learn how Monoova and finPOWER Connect empower lenders with real-time payments, compliance, and scalability.