Waave

Today we announce a landmark deal that will put the spotlight on the continued adoption of real-time account-to-account payments in Australia. Waave, Australia’s pioneer of Pay by Bank, has been acquired by Banked :, a leading global Pay by Bank provider. Together our goal is to lead the local market on Pay by Bank and make it a ubiquitous offering across Australia’s payment system. The deal is aligned with the growing demand from merchants for reduced payment fees and the global shift toward real-time payments. This acquisition enhances Banked’s ability to deliver innovative, account-to-account payment solutions across multiple markets, use cases and different account-to-account rails. Waave’s expertise, local team and growing merchant base strengthens Banked’s product offering and supports the continued shift toward real-time payments in Australia and beyond. Ben Zyl, CEO and co-founder of Waave, said: “This is a milestone moment for Pay by Bank in Australia. We share Banked’s commitment to bring payments out of the dark ages and create a globally accessible payments network that is good for everybody. We are immensely proud of what our team has built and look forward to becoming an expanded team alongside Banked to lead payments innovation in this country.” #PayByBank #Payments #OpenBanking #FinTech Mark Connolly Peter Traianou Brad Goodall

Looking forward to seeing you at Intersekt

Surcharging in Australia is back in the headlines this week. When surcharging is banned (as it inevitably will be), it will be a win for consumers, but it will divide merchants across Australia and drive the next big era in payments – one that consumers have been holding out for. Waave CEO Ben Zyl shares his thoughts on the future of payments with RetailBiz. #payments #paybybank #payto #surcharging https://lnkd.in/gJFwvmY7

Almost half (43 percent) of Australian retailers fell victim to cyber attacks or data leaks over the last 12 months. That's a sobering number. One of the main ways hackers do it is through card fraud. ABS figures show one in 10 (8.1%) Australians experienced card fraud in 2022-23. Our CTO Peter Traianou shares his thoughts on how payments can impact a retailer's risk profile and why modern Account-to-Account options like Pay by Bank are the way forward for fast, convenient, and safer payments. #payments #paymentsecurity #paybybank #a2a

A great take on the state of global real-time payments from Arthur Bedel 💳 ♻️. From cross-border, to peer-to-peer, to online checkouts, this is a great summary of the opportunities, major players and benefits of RTPs.

And the winner for the Emerging Fintech Organisation of the Year Award is…. 🏆Waave 🏆 Sponsored by 1835i #Finnies24 Mastercard

🏆 Our team was incredibly proud to accept the award for Emerging Fintech Organisation of the Year from 1835i's Justin Greenstein at last night's fantastic #finnies Awards. Congratulations to all the deserving winners and finalists. Our co-founders Peter Traianou and Ben Zyl had a ball. Thanks to FinTech Australia for putting on a fabulous event! Mark Connolly

We are excited today to announce a new partnership with Mint Payments Limited to introduce our Pay by Bank solution across the travel industry. This agreement will pioneer real-time, account-to-account consumer payments in the travel agent sector, bringing choice and innovation to the market. Travel is a space that is ripe for real-time payments. This Pay by Bank integration provides an important value-add for Mint's merchant base, including automatic receipting and bank reconciliation. For travel consumers, Pay by Bank provides secure, real money payments at a click - no matter the size of the transaction. Thanks to TechDay Australia TechDay New Zealand for sharing this news. #paybybank #realtimepayments #paymentsinnovation #paymentsaustralia Ben Zyl Alex Teoh https://lnkd.in/gsH7gFRr

Waave CEO Ben Zyl weighs in on this year's Federal Budget, questioning why the government is still dragging its heels on the Consumer Data Right (CDR) and what has come of last year's $88million to grow and promote the scheme. Read his take at SmartCompany.

Australians are still in the dark about Open Banking. Our latest survey shows a troubling lack of awareness that is putting consumers at unnecessary cybersecurity risk and depriving them of the financial benefits. However, those knowledgable of the concept believe Open Banking will result in financial gains and a fairer payments and banking system. We agree! It's high time the government mandates the use of Open Banking for data sharing. Without this, Aussies will stick to what is familiar and continue to miss out on the benefits. Thanks to TechDay Australia for sharing this research. #openbanking #CDR #payments https://lnkd.in/g2qBanYP