6 FinTechs facilitating B2B payments in Australia

By Gloria Mathias

Payments are an integral part of every individual’s life be it offline or online, and with the digitization of the transaction ecosystem, the magnitude of payments taking place every minute has surged at an unprecedented rate.

However, for payments to be a hassle-free phenomenon, technology providers facilitating payments need to be equipped with the latest next-gen technology and data stack to make transactions through all channels and mediums a simplified experience.

According to an IBS Intelligence report, more companies are asking banks for embedded financial experience than ever before. It’s expected that APIs will have the biggest impact on B2B payments over the next two to three years, with both larger (51%) and smaller (39%) companies identifying this as their top choice.

Listed below are 6 FinTech platforms streamlining B2B payments in Australia:

•  Azupay

Australia’s Azupay is a provider of real-time account-to-account payment solutions for Businesses, Billers, Banks, and the Government removing the frustration of legacy payment platforms and processes. Azupay offers a white-label solution for merchant onboarding. All businesses can process payments within the platform. Azupay removes the frustration of legacy payment platforms by connecting businesses to faster, safer, and smarter payment experiences with PayID and PayTo.

• Ezidebit

Ezidebit provides businesses with custom payment solutions that improve cash flow, reduce financial risk, and cut administrative costs across Australia and New Zealand. Its expertise in payment technologies automates and simplifies payment collection and removes business process complexity while ensuring data security and compliance.

• Moonova

Monoova is a B2B payments solutions provider. It’s shaping the future of payments both locally and across the world. But more importantly, it also supports businesses. Its solutions span enhanced Direct Debit, BPAY, Direct Entry, NPP, Cross-border Payments and PayTo.

• Till Payments

Till is the fast-moving, Aussie-born global FinTech disruptor opening possibilities for businesses seeking simple, seamless, all-in-one payments. This FinTech erases the complexity of getting paid with single-source solutions that ensure merchants can accept any payment wherever and whenever their customers shop, be it online, in-store, or a combination of both.

• Tyro Payments

Tyro Payments Limited (Tyro) is an Australian financial institution that provides payment solutions and banking services to merchants. Tyro offers cloud-based integrated electronic funds transfer at point of sale (EFTPOS) banking solutions to enterprises.

• Zepto

Zepto’s API opens a unique set of access points to Australia’s payments infrastructure, enabling businesses to take, make and manage payments in real-time all the time between bank accounts in faster, data-rich ways that can transform business processes, customer experience and costs.