Intersekt Panel: Payments as an experience

September 26, 2022
Share

Customer experience is a major factor in customer retention. Whether B2C or B2B, there's an expectation, that as customers or clients, we're receiving a personal and seamless service.

What about payments as an experience?

“Where it has previously been fine to think of the goods or service you bought as being good or bad and the payment experience has being separate, increasingly… the payments part is now integrated into the provision of the goods or service so unless you have a really nice way to interact with your clients on everything… you will lose out to people who are better at it. So, payments as an experience is ultimately going to be about making payments less of an experience”. Christian Westerlind Wigstrom, CEO, Monoova.

Christian joined the Payments as an Experience panel, at Intersekt 2022, to share thoughts and insights on the future of payments for customers and how PayTo will play a key role for both the Australian and global market.

Speakers: Ian Kelsall, Thoughtworks, Christian Westerlind Wigstrom, Monoova and Mark Ledsham, Currencycloud

Moderator: Camilla Bullock, Emerging Payments Association

Get in contact with us.

Disclaimer: Monoova Payments Pty Limited (ACN 126 015 227 | AR No. 428863) trading as Monoova (Monoova) is the authorised representative of Monoova Global Payments Pty Ltd (ACN 106 249 852 | AFSL 421414) (Monoova Global), 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 terms and conditions of the products and services offered by Monoova and Monoova Global (disclosure documents and terms) are available by contacting Monoova at support@monoova.com. You should consider the relevant disclosure documents and terms before deciding whether to acquire, or continue to hold, the product or service. The information provided on this website is factual information, is given in summary form, and does not purport to be complete. The information set out does not take into account 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 communication/document contains information sourced from third parties, statements made by 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 or statements made 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.

©Monoova

Related Articles

Two Years On: How PayTo Has Transformed Wagepay’s Payment Experience

Since launching PayTo, Wagepay has seen impressive results. Now close to two-thirds of their users now have active PayTo agreements to manage their repayments with increasing uptake from their customer base which highlights the growing appetite among consumers for real-time, data-rich payment options. By integrating PayTo, Wagepay has been able to improve their user experience through fast payments while also gaining operational efficiencies through better payment visibility, real-time settlement and instant reconciliation.

Monoova powers PayTo for Wagepay receiving strong customer uptake

As an industry first, Wagepay, a Brisbane based earned-wages access fintech, has switched on PayTo for real-time customer payments. This milestone has been achieved in partnership with Monoova, an award-winning Sydney-based payment service provider.

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.

Three ways real-time payments improve business efficiency

The New Payments Platform (NPP) supports a 24/7 digital economy. It works by moving money in real-time between bank accounts. The NPP gives users faster payments, simpler payment IDs (PayIDs) and more detailed transfer descriptions.