What is PayTo and how does it work?

PayTo is Australia's real-time, account-to-account checkout solution delivered on the New Payment Platform (NPP) that allows businesses to initiate surcharge-free payments directly from customers' bank accounts. It gives customers visibility and control over payment arrangements linked to their bank accounts while providing a digital, streamlined payment experience.

What payment methods can Optty users access through Monoova?

Optty users can access Australia's payment rails through Monoova's API, including PayTo, PayID, BPAY, and online card payments. This partnership enables Optty's universal payments platform to offer these solutions across 120 currencies and 140 countries.

How does the Monoova and Optty partnership benefit high-value purchase industries?

The partnership is particularly beneficial for industries with high-value purchases, such as travel and hospitality, because Monoova's PayTo solution reduces the high costs and poor user experience associated with conventional payment methods for flights, hotel bookings, and other expensive transactions. This allows businesses to scale large transaction flows seamlessly and affordably.

Monoova Enables Real-Time Payments for Optty Users