No more borrowed time – send and receive funds instantly.
Payments for Lenders
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 too. Eliminate manual reconciliation, easily identify and rectify dishonours, and collect and disburse funds in near real-time with API-enabled payments.
- Real-time transactions in and out, with more ways to pay
- Offer PayTo, faster 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
- Automated reconciliation eliminates manual efforts
No more unidentified payments.
Automated reconciliation
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.
Make Money Move
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.
Introduce PayTo agreements for collections.
Real-time payments
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
API enabled payments.
Easy integration into your existing systems
Reduce manual steps in managing your payments and transact via API rather than manually compiling spreadsheets or typing in BSB and account numbers.
Stay in the know.
Never miss a detail
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.
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.
End-to-end movement.
Receive, Manage, and Pay
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.
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 helps your marketplace grow — faster, simpler, safer.
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Transforming the lending experience with real-time payments and automation
*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.