Bristol/ Sydney, 7 November 2023 — Fintech disruptor @Pay (AtPay) has chosen Pismo‘s cloud-native API-based platform to support its operations in Australia.
AtPay is a decentralised finance (DeFi) protocol and the first Buy Now Pay Later (BNPL) platform built to integrate blockchain technology with cryptocurrency in the region. The platform enables merchants to seamlessly receive payments from customers using authorised for both in-store and online transactions.
@Pay, which operates under the Enhanced Regulatory Sandbox license granted by the Australian Securities and Investments Commission (ASIC) and registered with the Australian Transaction and Reports Analysis Centre (AUSTRAC), employs the Pismo core banking platform to facilitate the offering of BNPL, debit, credit, and prepaid cards. It also uses the Pismo platform to tokenise cards for inclusion in Apple and Google wallets.
The @Pay platform will soon go live with a soft launch in Australia and is planned to be commercially released in Q1 2024, with plans to move into other jurisdictions, such as the GCC region and North America, later in 2024.
“Pismo, being a cloud-native player in this space, provides us and our tech stack with the agility to offer best-in-class core banking technology to consumers and merchants. It also supports our BNPL and card management programmes,” says Sahir Nadeem, CTO of @Pay. “With Pismo, we will maintain control over payment authorisations so that users can utilise our services only at partnered merchants. Pismo’s cloud-native platform also enables AtPay to enter new geographies with scalability, security and serviceability as we expand our footprint internationally.”
AtPay is working on a project that has already signed over 150 active corporate clients. Grow Finance is the BIN sponsor for @Pay. Vishal Dalal, CEO (North America, EMEA and APAC) at Pismo, adds: “@Pay has an ambitious mission: to make a difference in Australia and in the multi-trillion dollar payments industry at large globally. We are thrilled to help them in this journey with our cloud-native, API-based platform.” Vishal adds: “@Pay seeks to expand beyond Australia, and we believe our platform can help play a pivotal role in meeting @Pay’s aspirations.”
About Pismo
Pismo is a technology company providing an all-in-one processing platform for banking, payments, and financial markets infrastructure. Large banks, marketplaces, and fintech companies use our cloud-native microservices platform to launch next-generation solutions and move from legacy systems to the most advanced technology in the market. The Pismo cloud-based platform empowers firms to build and launch financial products rapidly, scaling as they grow to have a broader audience while keeping high security and availability standards.
About AtPay
AtPay is a cutting-edge financial technology solution that empowers businesses to embrace the future of commerce. Our innovative platform seamlessly integrates with merchant services, enabling enterprises to effortlessly accept customer payments in various approved cryptocurrencies, particularly stable coins, across both physical and online retail channels.
AtPay’s user-friendly system provides a secure and efficient way for merchants to diversify their payment options, offering customers flexibility and convenience while staying at the forefront of the digital economy. With AtPay, businesses can confidently adapt to the evolving landscape of digital currencies and enhance their competitive edge in the market, all while ensuring a secure and efficient payment experience for their valued customers.
Media contacts
Pismo
- Patricia Bartuira
+1 (786) 270-6253
[email protected] - Debora Fortes
Pismo
[email protected]
@Pay
- Kelvin Liu
[email protected]
+61 402 450 180
