What you need to know about PayTo

January 18, 2024

Introducing PayTo: Client Experiences and Industry Panel

In 2023, we saw the launch of PayTo, a new digital payment solution that enables businesses to initiate real-time payments from their customers’ bank accounts and gives consumers increased visibility and control over their payments from their banking app. Currently, Monoova is one of the largest issuers of PayTo agreements in Australia.

Monoova hosted a panel discussion with commentary from both leading industry experts and ou own clients who are currently using PayTo, exploring the origins and benefits for both merchants and consumers, first-hand client experiences as well as the considerations for businesses thinking about adopting PayTo.

Watch the full video below:

‍

If you'd like to learn more about , get in touch with one of our team today.

‍

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.

Wise and Monoova: Unlocking the Future of Payments

Click here to read the full article

"Without the API that Monoova provides, things like BPAY, direct debits, bank transfers, we would have to integrate and build all the componentry around it individually. With Monoova, we can just plug into 1 API and we can gain all that functionality. So there's a lot of cost saving in the go to market process for us rather than having to build all supporting infrastructure around those processes." Tristan Dakin, Country Manager, Australian & New Zealand explains how Monoova has been instrumental in providing the key payments infrastructure to send money internationally for their Australian clients.

Payments

PayTo

Intersekt Panel: Payments as an experience

Click here to read the full article

Intersekt 2022 panel discussion on Payments as an Experience featuring Christian Westerlind Wigstrom, CEO, Monoova.

Payments

PayTo

Client Success

How Remitly is Delivering Faster Money Transfers for Australians with PayTo and Monoova

Click here to read the full article

Kym Whitford, Head of Asia Pacific Remitly, shares why Remitly is adopting PayTo for Australian customers and why they chose Monoova as their preferred #payments provider of PayTo. PayTo is the modern digital payment solution that enables individuals and businesses to make real-time payments from their bank account.

Client Success

Auto-Reconciliation

Payments

How Rello streamlines its operations with automated payments

Click here to read the full article

“Since deploying Monoova’s services on our hero product, RelloPay, we saw in the first month an 11 % increase in transaction volume through the platform. That volume of transactions simply wouldn't have existed on a platform without these services.” Christiaan Lok, CTO, Rello, shares how their partnership with Monoova has enabled Rello to scale their operations whilst achieving significant time and cost savings.