Optty selects Monoova to access faster payment rails in Australia

By Gloria Methri

Universal 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.”