Monoova in action.
Real-World Payment Success Stories Powered by Monoova
Monoova are the experts that Make Money Move®.
From account funding to recurring billing, online checkouts and everything in between, we provide smarter payment solutions to businesses across Australia and beyond.
Top-tier businesses worldwide trust Monoova
Our Case Studies
See how our payment solutions support businesses across multiple industries to make money move.
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Helping Remitly Power Real-Time, Cross-Border Remittances
With over 7 million active users worldwide, Remitly helps customers send money to transfer funds around the world, providing a guarantee that money will arrive on time. The challenge: Slow, costly and insecure funds transfers.
Monoova’s solution: Remitly has partnered with Monoova to implement PayTo, creating a new and more trustworthy way for customers to safely and reliably transfer funds to loved ones overseas.
“We’ve found Monoova has met our criteria and been a great business to collaborate with.” - Kym Whitford, Head of Asia Pacific Remitly
Eastern & Allied: Speeding Up Remittance with Real-Time Payouts
Eastern & Allied’s digital remittance service is centred around transferring funds to family in other parts of the world.
The challenge: Before Monoova, payouts took up to five days and it was difficult to match payments to customers.
Monoova’s solution: Real-time payments supported by Monoova have made transactions smooth, easy and seamless, and 97% of funds are received in real time.
“We would not have grown as much as we have done in this time if we didn’t have this solution.”
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carsales: Fast payments and ledger capability
carsales is Australia's leading online automotive marketplace, specialising in buying and selling cars.
The challenge: Private buyers and sellers were frustrated by slow payments and security concerns.
Monoova’s solution: Monoova has facilitated a solution for speedier, safer and simpler payments and introduced ledger capabilities, giving sellers a greater sense of security and control.
“Our goal is to make buying and selling a great experience and it has been awesome to have a partner that’s been willing to really work on that together.”
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Launtel: Reducing Disputes and Chargebacks in Utilities
Launtel is “Australia’s fastest and most flexible internet provider”.
The challenge: A growing number of chargebacks and disputes from credit card transactions created a surge in support tickets.
Monoova’s solution: Integrating PayID and PayTo through Monoova’s APIs has reduced these issues, and Launtel now enjoys real-time cash flow, reduced support demand and lower transaction costs.
“We wanted a dynamic API that could give our customers plenty of payment options and Monoova had all of those options available from the get-go.”
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Payroo: Making Payroll Fast and Frictionless
Payroo’s mission is to make payroll a joy for everyone (payroll managers and accountants included).
The challenge: Manual and error-prone payroll processes put pressure on resources.
Monoova’s solution: Using Monoova’s full suite of tools, including PayTo, PayID, direct debit and account validation, Payroo has built a faster, more reliable and more secure payment transfer experience that benefits employers and their staff.
“One-click payments and instant payments have reduced what wasa two-day process. The customer feedback has been overwhelmingly positive.”
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Wagepay: Delivering Wage Advances in Under 60 Seconds
Wagepay has helped thousands of Aussies get early access to their wages in real-time.
The challenge: 24-48 hour waits for payouts and issues with dishonour reporting from banks after payments had settled.
Monoova’s solution: Since connecting with Monoova and leveraging the NPP and PayTo technology, nearly all of Wagepay’s customers receive their funds in under 60 seconds.
“We’ve managed to fulfil more than 2 million wage advance payments via NPP.”
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Hnry: Streamlining Self-Employed Finances with Unique Account Matching
Hnry’s sole trader and self-employed clients use the platform as a digital account that manages and pays superannuation, GST and tax.
The challenge: Thousands of clients made data matching difficult, and funds were slow to be transferred.
Monoova’s solution: With Monoova, clients are assigned a unique bank account that streamlines onboarding and makes payment matching, reconciliation and payouts faster and more efficient.
“Money flows through Hnry accounts really easily. The Monoova service is an instrumental part of the way we serve our customers.”
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*Disclaimer: 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. You may read our PDS/FSG for more information.