Read The Times Australia

Daily Bulletin

/C O R R E C T I O N -- Finmo/

  • Written by: PR Newswire Asia - Daily Bulletin Au RSS
/C O R R E C T I O N -- Finmo/

In the news release, "Finmo Introduces Direct Real-Time Payment (RTP) Integration in Australia and Expands Global Team", issued on (April, 18, 2024) by Finmo over PR Newswire, we are advised by the company that the logo, should be as in this release rather than as originally issued inadvertently. The complete, corrected release follows:

Finmo Introduces Direct Real-Time Payment (RTP) Integration in Australia and Expands Global Team

SINGAPORE, April 18, 2024 /PRNewswire/ -- Finmo Tech Pte. Ltd. ("Finmo"), a Singapore-headquartered leading global payments company dedicated to delivering the world's premier all-in-one Treasury Operating System (TOS) has announced its direct integration with Australia's New Payment Platform (NPP) as an identified institution through its partner bank, Australian Settlements Limited (ASL), a market-leading payments pioneer. This milestone collaboration marks a milestone for ASL, to partner with a leading global fintech like Finmo to offer real-time payment (RTP) capabilities to merchants both domestically and worldwide.

This strategic partnership further expands Finmo's regional and global network capabilities, and is additive to its ability to provide cutting-edge RTP solutions to the growing merchant customer base. The integration also marks Finmo's commitment to continuously improve and add to its solutions and offerings in Australia, and complements the company's established presence in Singapore, Thailand, Philippines, New Zealand, the USA, Europe, and broader South East Asia.

"Australia holds significant importance for us. As a licensed Australian Financial Services (AFS) provider, we are dedicated to delivering relevant and meaningful products and services to our local merchant base while leveraging our regional expertise to foster their global growth. We are privileged to be the inaugural Fintech partner for ASL in the Australian market and are confident in our ability to offer Australian businesses a distinctive proposition that adds tangible value," commented David Hanna, CEO of Finmo.

In addition to achieving these milestones, Finmo has made substantial additions to its global team, doubling the size of its product and technology teams to strengthen its product-led approach. The team expansion is the company's strategic investment made based on its customer-first operating principles, and as a response to substantial year-on-year growth in Finmo's customer base in Australia and Singapore, and marks Finmo's prioritisation of product delivery and customer service for its partners and customers.

Since its inception two years ago, Finmo has facilitated a total payment volume exceeding US$4 billion, and has established its global collection and payout capabilities through collaborative partnerships with additional global banking entities, all aligned with its treasury operating system (TOS) strategy.

Key features of Finmo's offerings include:

  • Global Currency Accounts (GCA), enabling businesses to transact seamlessly in multiple currencies.
  • Competitive domestic and cross-border money transfer services, empowering businesses to capitalise on favourable exchange rates.
  • Streamlined multi-currency wallets and online payment acceptance, fostering a convenient and efficient payment ecosystem for companies operating globally.

Developed by ex-senior executives from global financial institutions such as Citi, PayPal, and Visa, the game-changing Finmo TOS solution was built on the foundation of real-time payments (RTP) rails, and facilitates instant money transfers, accurate cash flow forecasting, optimized liquidity management, effective financial risk mitigation, and seamless compliance with financial regulations. By consolidating these essential functions into one category-defining product, Finmo addresses a critical unmet need in the market and sets a new standard for how financial technology platforms can support SMEs' financial stability and ensure their continued success beyond mere fund transfers.

About FinmoFinmo is a full stack digital payments platform with the world's first all-in-on treasury operating system (TOS) that allows its merchants with money movement (funds-in and out) and cash management including FX solutions. Its mission is to simplify payments, automate mission-critical treasury functions, and empower businesses and consumers to transact with only the most relevant methods that optimise for speed, convenience and cost. The Finmo Global Currency Accounts platform supports global payouts to more than 180 markets and more than 35 currencies.

For more information, please visit. www.finmo.net

 

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/4390088_AE90088_0

Business News

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How to Set a Budget Before Bidding at Auction

Placing a bid at an online art auction is an exciting way to discover rare paintings, home content...

Does a Modern James Bond Exist?

Image Credit: MysteryShot What the Movies Get Right About Private Investigators There are a few mov...

How Australian Businesses Can Effectively Manage Tax Audits and Disputes

Managing a small business in Australia is inherently challenging, but recent shifts in regulatory ...

From Coastal Calm to Classic Comfort: The Right Carpet for Every Style of Home

Carpet is often chosen near the end of a room makeover, after the walls, furniture, and lighting h...

How to Add a Heart to a Photo in Seconds

Visual storytelling has rapidly evolved in the digital age, transforming how we share our daily expe...

Why Small-Denomination Physical Gold is Becoming the Ultimate Defensive Asset

In a landscape of lingering macroeconomic uncertainty and rising domestic living costs, everyday i...

Why Your Feet Spread During Running and What That Means for Shoe Fit

The trainers felt brilliant in the shop. You walked around, bounced on your toes, checked the mirror...

How to Vet and Hire the Right Property Expert in the Australian Market

Navigating the Australian real estate market has become a highly strategic exercise. Recent nation...

Moving From Australia to Wellington: The Practical Settling-In Checklist

Wellington has a lot going for it. It's compact, walkable and full of cafes, with a harbour that r...