QwikPay
QwikPay helps Australian businesses accept real-time account-to-account payments via QR and in-app with zero transaction fees.
QwikPay gives Australian businesses a way to accept everyday digital payments without cards or transaction fees
Australian digital checkout is dominated by debit and credit cards
Australian digital checkout is dominated by debit and credit cards. Every card payment carries processing costs, and businesses will no longer be able to pass those costs on through card surcharges. Australia needs an everyday digital payment alternative that does not depend on card networks.
Customers can pay in real time without a card and earn rewards
QwikPay gives Australian businesses a way to accept everyday digital payments without card transaction fees, helping them keep more of every sale as surcharging ends. Customers can pay in real time without a card and earn rewards, giving both sides a reason to choose an account-to-account payment.
QwikPay is building more than a payment method
QwikPay is building more than a payment method. It is building a network that connects businesses and consumers through NPP-powered payments with zero transaction fees, merchant discovery, offers and rewards. Payments drive adoption, while discovery and rewards give customers reasons to return, creating long-term value for businesses.
QwikPay targets Australian businesses that accept everyday digital payments
QwikPay targets Australian businesses that accept everyday digital payments. With card surcharging ending, merchants have a stronger reason to seek lower-cost ways to get paid. More than 125+ merchants have onboarded, providing an early signal of demand.
Technology and compliance
Under AFSL Exemption, Active AML/CTF Program, AUSTRAC Registered. Technology stack: AWS / Azure / GCP, Mobile-first. Licensing: No licence required. Key technology integrations: Australia's New Payments Platform (NPP) - PayTo and PayID.
QwikPay plans to earn recurring revenue from tiered merchant subscriptions, with no transaction fees
QwikPay plans to earn recurring revenue from tiered merchant subscriptions, with no transaction fees. As the network grows, planned revenue streams include sponsored offers, marketplace commissions and partner-led financial services. Annual revenue is Pre-revenue and the business is pre-revenue.
Partnerships and integrations
Currently finalising partnerships and integrations with POS providers and merchant distribution partners.
Nik Bavisetti, Founder · LinkedIn | Vijay Kota, Founder · LinkedIn | qwikpay.com.au
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