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

Awards

Monoova Takes Home Two Wins at the 2025 Finnies Awards

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Monoova have won two awards at the 9th Annual Finnies 2025 - Best Innovation in Payments and Excellence in Industry Collaboration & Partnerships. It's the 2nd year in a row that we've won Best Innovation in Payments (previously named Excellence in Payments), a testament to our continous innovation in the payments space and the impact it has across the ecosystem and various industries. Hosted by Fintech Australia, The Finnie Awards celebrate the best of Australian FinTech, recognising the innovation, impact, and achievement of the sector.

Payments

Real-time payments are more than just speed

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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.

PayTo

Payments

Direct Debit

Wondering if PayTo is right for your business?

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Is PayTo something you should be looking at for your business? Here's our handy checklist to help you decide whether you're ready for PayTo. If you are currently handling a large number of debits and payment agreements with your customers then yes, it’s likely PayTo could bring efficiencies to your business.

Payments

Auto-Reconciliation

Reduce the admin of identifying and rectifying incorrect payments with Monoova’s automated reconciliation rules

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Reconciliation is a huge part of any finance team’s time, especially at the end of a financial period. Manual processes introduce the risk of human error, both on the side of the payments being made, and payments being received and allocated, causing headaches for everyone involved.‍ Explore how Monoova's reconciliation rules can reduce admin and bring efficiencies to your business.