Fintech Firm @Pay Chooses Pismo to Boost Australian Operations

Published 6 months ago

Fintech innovator @Pay has selected Pismo’s cloud-based API platform to enhance its operations in Australia. @Pay is a pioneering Buy Now Pay Later (BNPL) platform and a decentralised finance (DeFi) protocol, making it the first of its kind in the region to integrate blockchain technology with cryptocurrency.

@Pay’s platform allows merchants to accept payments from customers for both in-store and online transactions without interruption. The company operates under an Enhanced Regulatory Sandbox license granted by the Australian Securities and Investments Commission (ASIC). To facilitate BNPL, debit, credit, and prepaid card offerings, @Pay utilises Pismo’s core banking platform. Additionally, the platform is used to tokenise cards for Apple and Google wallets.

Pismo’s Role in @Pay’s Expansion

Pismo’s cloud-native platform provides the necessary agility for @Pay and its tech stack to offer top-tier core banking technology to consumers and merchants. The platform also supports @Pay’s BNPL and card management programs, according to Sahir Nadeem, CTO of @Pay. Nadeem further mentioned that Pismo will help maintain control over payment authorisations, allowing users to use their services exclusively at partnered merchants.

The cloud-native nature of Pismo’s platform allows @Pay to scale, secure, and service its operations as it expands internationally.

@Pay’s Future Endeavours

Currently, @Pay is engaged in a project that has attracted over 150 active corporate clients. Grow Finance has been named as the BIN sponsor for @Pay.

Vishal Dalal, CEO (North America, EMEA and APAC) at Pismo, expressed his excitement about helping @Pay achieve its ambitious goal to disrupt the Australian and global multi-trillion dollar payments industry. Dalal is confident that Pismo’s platform will play a crucial role in fulfilling @Pay’s expansion aspirations beyond Australia.

The @Pay platform, which has recently soft-launched in Australia, is set to be commercially released in the first quarter of 2024.