Brumby Pay, a fintech start-up based in regional Victoria, has named Monoova as its preferred Payment Service Provider.

The collaboration brings together Brumby Pay’s patent-pending architecture with Monoova’s enterprise-grade infrastructure to support compliant, rapid and secure payment flows in the Australian market.

The partnership is aligned with Brumby Pay’s aim to change the way invoices and bills are paid nationwide, with a focus on improving cash flow and business confidence.

The platform is designed to accelerate payments for both B2B and B2C businesses across different sectors, recognise early and on-time payments as positive behaviour, and address challenges around liquidity for small businesses and the wider economy.

Dale Anderson, Co-Founder of Brumby Pay, said the partnership with Monoova was an important step:

“Through our alliance with Monoova, Brumby Pay operates on a fully licensed payments backbone across multiple rails. Monoova’s compliance, security and settlement infrastructure provides a trusted pathway for customers to pay faster and with confidence, putting more cash back in the pockets of businesses.”

Monoova’s real-time payment solutions provide Brumby Pay with API-driven capabilities to process transactions securely and in line with Australian financial regulations.

David Greene, Chief Commercial Officer at Monoova, said:

“By pairing Brumby Pay’s innovative platform with our trusted payment infrastructure, we’re enabling businesses and their customers to transact with confidence, speed and ease.”

Featured image credit: Edited by Fintech News Singapore, based on image by chormail via Freepik

The article first appeared on Fintech News Singapore