Payments for Lenders: Real-Time Repayments & Disbursements.
Why Traditional Lending Payments Are Slowing You Down
Give your borrowers a stress-free payments experience. From paying out loans to consumers and businesses, to setting up recurring repayments that won’t overdraw a customer’s account, Monoova provides a complete, first-rate payments experience.
Managing repayments is easy with Monoova. Eliminate manual reconciliation, identify and rectify dishonours with ease, and collect and disburse funds with API-enabled near real-time payments for loan repayments automation.
- Real-time funds in and out, via NPP
- Offer more ways to pay with Pay ID, PayTo, Direct Debits, BPAY, and debit card payments
- Real-time notifications alert you to incomplete transactions
- Assign each borrower a unique virtual account for real-time tracking and automated reconciliation
Transform your lending platform payments. Accept repayments faster, pay out borrowers instantly, automate reconciliation and boost efficiency with Monoova.
What Monoova Brings to Lenders.
Fixed & variable billing for lenders
Get notified as soon as an incomplete payment happens. Rather than manually searching for mispayments at the end of each month, notifications keep you on top of maintenance and account hygiene tasks as they happen.
Proactively spot possibilities of financial distress to fulfil your duty of care.
Key Features for Lending Platforms.
Real-time payouts
Once a loan is approved, payout funds to customer accounts instantly.
Automated processes
Collect repayments via PayTo in near real-time and avoid dishonours.
Manage funds
Greater transparency and cashflow unlocks more business opportunities.
Make Money Move with Automated Reconciliation.
Automated reconciliation with virtual accounts
Reconcile payments as they happen, instantly. Monoova’s virtual accounts and auto-reconciliation matches payments in and out with the correct customer, reducing administrative burden.
Virtual accounts match payments with customer IDs, automatically reconciles them, and sends your team a real-time notification if something doesn’t add up. Avoid unallocated payments from accumulating and free up your finance team’s capacity for more strategic work in one go.
Introduce PayTo agreements for collections.
Real-time payouts & repayments
PayTo agreements are the new standard for recurring collections. Receive funds faster and get notified in real-time if an account has insufficient funds to avoid overdrafts and penalties, protecting both you and your customer.
For extra payment assurances, setup an additional direct debit agreement as backup. When direct debits are processed through Monoova, they transact a full business day faster than with most other providers.
Recommended payment types for lenders
Receive, Manage, and Pay.
How to Get Started With Monoova
The best payments experience is a consistent one. Monoova is at every touch point along the way, with a team of experts to jump in when you need it to assist with tracking transactions, reporting, or even dispute resolutions.
Reduce operational burden within your finance department through tools that automate manual processes, consolidate payment suppliers, comply with industry regulation, and improve your overall cashflow.
B2B Loans.
BPAY Payout for business loans
Bring your own BPAY biller code or get set up with one through Monoova. For business loans, repayments can be set up via BPAY Payout to offer even more choice and convenience.
BPAY is a trusted payment method that builds credibility and security into any payment experience.
How It Works: PayTo, PayID & API Integration for Lending.
Easy integration into your existing systems with API enabled payments
Reduce manual steps in managing your payments and transact via API rather than manually compiling spreadsheets or typing in BSB and account numbers.
FAQs
Frequently asked questions on lending payments
Monoova supports loan disbursements, repayments (fixed and variable), P2P payouts and business lending platforms.
For real-time methods, funds transfer instantly or near-real-time, compared with traditional delays.
Yes, the platform supports both fixed and variable loan repayment schedules via PayTo, direct debit, BPAY and card.
Automated reconciliation uses unique virtual accounts per borrower, custom rules, and real-time notifications to reduce admin burden.
Yes - Monoova powers P2P lending platforms by enabling scalable disbursements, repayments and pooling through one API.
Still have questions?
Get in touch with our team to find the right payment solution for your business.
More ways to make money move®
Global Payments
Access wholesale cross-border rates.
Receiving Payments
Receive funds through multiple channels easily
Auto-reconciliation
Automatic, real-time reconciliation.
Monoova is your partner to make money move.
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