Banking platform Pismo has been chosen by fintech disruptor @Pay (AtPay) to empower the latter’s API-based platform and operations in Australia.
AtPay offers a decentralised finance protocol, as well as BNPL services with blockchain and crypto support. It is currently a holder of the Enhanced Regulatory Sandbox licence, which is given by the Australian Securities and Investments Commission (ASIC).
By integrating Pismo, AtPay will also be able to facilitate the tokenization of cards for Apple and Google wallets. The @Pay platform is soon scheduled for a soft launch in Australia, with a further commercial release in Q1 ’24 further into other regions like the US.
Sahir Nadeem, CTO of @Pay, said: “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.
“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.”
Further comments were also provided by Vishal Dalal, CEO (North America, EMEA and APAC) at Pismo, who added: “@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.
“@Pay seeks to expand beyond Australia, and we believe our platform can help play a pivotal role in meeting @Pay’s aspirations.”