Monoova launches PayTo Education Campaign

Australia’s leading business payment solutions provider, Monoova, launches its PayTo campaign today.

PayTo is a new, advanced evolution of direct debit. It will be a streamlined digital way for merchants and businesses to inititiate real-time payments from their customers’ bank accounts.

Powered through Monoova’s proprietary technology, PayTo will offer a large range of benefits to businesses all over Australia and will help to enhance their customers’ experience, giving them a lot more control.

Commenting on PayTo, Monoova’s Chief Executive Officer, Christian Westerlind Wigstrom said, “In a few years, PayTo will be the only type of payment in our everyday lives. Gone are cards, bank transfers and BPAYs. Businesses that don’t accept PayTo will look like companies only accepting cheques today: complicated and antiquated. And with good reason: PayTo will be cheaper, faster and safer for both businesses and consumers for almost all use cases. We will miss today’s payments systems as much as we miss toothaches.”

Monoova are pioneers in the payments industry, introducing many first-to-market solutions such as Automatcher – a powerful solution that enables businesses to reconcile their payments instantly and automatically.

“Our vision at Monoova is to continue to help evolve the financial services and payment space in this market and around the world. PayTo will be another powerful solution in our suite of payment offerings opening up a myriad of value-adding automation options for businesses and allowing us to power the payments of many of the world’s largest brands.”continues Christian.

The campaign is primarily focused on creating awareness of PayTo to the market and educating audiences of the benefits of PayTo to both businesses and consumers. Senior Brand & Marketing Manager at Monoova, Ben Crosariol, said “We are rolling our a series of events, webinars, customer facing education content, advertising and more to empower target audiences so they are fully aware of what PayTo is, the benefits to them and Monoova’s PayTo offering powered by our exclusive payment platform and local support”.

Since its launch in 2017, then known as Moneytech Payments, Monoova has processed more than $32 billion in business payments on behalf of its growing clientele of companies including Wise, Instarem, Jacaranda Finance and Splitit.


About Monoova

Monoova supports organisations with large transaction flows to fully automate how they receive, manage and pay their funds. Its proprietary real-time, secure platform allows businesses to access a variety of payments functions including NPP, comprehensive automatic reconciliation and easy-to-access reporting so they can secure and stay in control of their payment ecosystem.

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