back Back

Optty selects Monoova to access faster payment rails in Australia

By Gloria Methri

November 15, 2023

  • Account-to-Account Payment Solutions
  • Alternative Payments Methods
  • Australia

optty, Monoova, Payment Gateways, Cryptocurrency, Payments provider, Payments solutions, AustraliaUniversal payments platform Optty has partnered with Monoova to gain access to Australia’s payment rails, including PayTo, PayID, BPAY, and online card payments, all via Monoova’s API.

Optty has already completed over 600 integrations across nine unique payment architectures. Available in 120 currencies and 140 countries, Optty has partnerships with over 100 Alternative Payment Method (APM) and Buy Now Pay Later (BNPL) providers, including Afterpay, Klarna, Grab, Zip, Shopback, and Humm.

Travlr, a platform that allows users to create, build, and launch their own e-commerce travel websites, is the first client to benefit from the Monoova-Optty partnership.

As a result, Travlr will be able to offer any enterprise, travel agent advisor, budding entrepreneur, or travel company access to PayTo, Australia’s new real-time, account-to-account, checkout solution delivered on the New Payment Platform (NPP).

PayTo offers a digital means for businesses to initiate surcharge-free, real-time payments from customers’ bank accounts while giving customers visibility and control over the payment arrangements linked to their bank accounts.

The partnership with Monoova will be game-changing for Optty’s specialisation in servicing industries characterised by high-value purchases. This is because Monoova’s payment solutions, including PayTo, solve the high cost and poor experience for both consumers and merchants inherent in conventional payment methods for high-value purchases, such as flights and hotel bookings.

Christian Westerlind Wigstrom, CEO and Co-founder of Monoova said, “Monoova’s powerful all-in-one API allows businesses like Optty to seamlessly add all Australian rails to their existing payment solution. Partnering with Optty to enable real-time payments in Australia is another example of our commitment to pioneering, amplifying, and simplifying the world of payments for all businesses in Australia. With this partnership, we are not just facilitating payments; through Optty’s orchestration platform we’re enabling faster and improved experiences for business and end users alike.”

Natasha Zurnamer, Founder and CEO of Optty, said, “Optty stands for innovation and excellence in payments, uniting payment providers with merchants in a seamless single API and supporting PSPs and Gateways with our advanced technology. We aim to transform integration to provide an unprecedented and inclusive payment offering enabling expansive choices for merchants and consumers alike. Working with Monoova, we are set to introduce breakthrough solutions that will enhance the payment experience and deliver unmatched value to our merchants, partners, and ultimately consumers.”

Previous Article

November 15, 2023

Solvimon raises €9m from Northzone to automate billing process

Read More
Next Article

November 15, 2023

Kotak Mahindra Bank introduces cardless EMI on Amazon

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

Account-to-Account Payment Solutions

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024