FX and Cross-Border Payments Panel

Monoova

Monoova is an Australian payments service provider that enables seamless account-to-account transactions for businesses via one simple API integration. Monoova’s API automates how businesses receive, manage and pay funds across multiple payment methods including Enhanced Direct Debit, BPAY, Direct Entry, NPP, PayID, PayTo and card acquiring launching this year.

Monoova’s payment solutions are customisable, scalable and tailored for every business – from startups to large enterprises. Payment processing and management are streamlined with Monoova, delivering business efficiencies and improved merchant and customer payment experiences.

Key Strengths

• 1 API integration that connects businesses to all the main payment rails in Australia.
• Monoova’s Automatcher solution assigns unique account numbers and PayIDs to every single customer for automated account reconciliation in real-time.
• Support from a local, dedicated team of experts based in North Sydney.
• Leverage FX capabilities for cross-border payments and competitive wholesale rates.
• Ongoing commitment to provide the best security standards for clients are reflected through achieving SOC 2 Type I and being a member of FS-ISAC.
• The payments portal utilises advanced multi-factor authorisation helping prevent fraud and adding an extra layer of security.
• API is built on trusted RESTful architecture which allows building a scalable and adaptable solution for your payment flows.
• Automates AUSTRAC reporting assisting customers to automate reporting for anti-money laundering and counter-terrorist financing (AML/CTF) to Australia’s financial crime watchdog.