Alternative Payment Solution: POLi

2017-05-10
Price :
Published : May-2017
No. of Pages : 15

Alternative Payment Solution: POLi

Summary

POLi is an online debit payment solution offered by POLi Payments Pty Ltd(POLi). Launched in 2006, it is currently available in Australia and New Zealand. The solution offers online banking-based payment services and is used to make payments to online retailers, utility service providers, airline operators,and government agencies.

The solution allows users to pay for online purchases directly from their bank accounts, without the need for a payment card. Merchants receive instant payment acknowledgment, allowing them to immediately supply the goods or services to customers.

POLi is currently supported by 20 banks in Australia and New Zealand. Customers do not have to register separately to use the service. In addition to online purchases, POLi users can carry out utility bill payments and P2P payments. It offers a P2P app embedded within Facebook, allowing users to send and receive money to and from their Facebook friends.

The report provides information and insights into alternative payment solution POLi, including –
- Detailed insight into its business and geographical presence
- Comprehensive coverage of its products and services
- Information on its revenue model, including its supporting banks and merchants
- The company’s important events and milestones

Key Highlights

- In 2014, POLi payments was acquired by SecurePay Holdings, a fully owned subsidiary of Australia Post. However, it continues to operate as an independent business.
- In February 2012, UAE exchange added POLi as a funding method for international transfers on its Money2Anywhere remittance portal
- In October 2013, POLi launches its P2P payment app integrated with Facebook, allowing users to send and receive money among Facebook friends
- Merco Limited is responsible for sales, marketing, and other support services for POLi in New Zealand. The New Zealand Transport Agency was the first merchant to offer POLi payments to its customers.

Scope

- This report provides a comprehensive overview of alternative payment solution POLi, including its operations, history and geographical presence.
- It provides an overview of products and services offered, and explanations on how they work.
- It provides details of its revenue models.

Reasons to buy

- Gain insights into POLi’s business operations, geographical presence and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the list of its supporting banks and merchants.

Filed in: Banking & Finance
Publisher : GlobalData
More Reports
Title Price Buy Now

New Entrants: Mapping the Landscape

New Entrants: Mapping the Landscape Summary Market conditions around the world have not historically been particularly friendly to new banking entrants. Stringent regulations have presented formidable barriers to entry, and only a minority of consumers expresses enthusiasm for banking with new providers. However, regulators in the UK, EU, and elsewhere are trying to make it easier for new providers to enter the market, and a number of new banks have commenced operations, with the UK proving a particularly popular location. Critical success factors - Use open banking to form strategic partnerships: Incumbents should consider emulating new entrants such as Starling Bank and N26 that are building open API-based marketplaces for third-party products. By sourcing best-in-class products from ......
$5250

Alternative Payment Solution: Android Pay

Alternative Payment Solution: Android Pay Summary Android Pay is a mobile payment solution launched by Google in September 2015, as an extension to the Google Wallet. The solution is accepted at more than 2.5 Million retail outlets globally, and supports all major payment networks, including American Express, MasterCard, Visa, and Diners Club. It is supported by more than 650 banks and credit unions in the US, including major banks such as American Express, Bank of America, Capital One, Chase, Citi, HSBC, UBS, and Wells Fargo. At present, the solution is available in 10 markets: the US, the UK, Singapore, Australia, Hong Kong, Belgium, Ireland, Japan, New Zealand, and Poland - with plans to expand further into other European countries and Canada. The solution works with all NFC-enabled ......
$350

Wealth in Australia: HNW Investors 2017

Wealth in Australia: HNW Investors 2017 Summary "Wealth in Australia: HNW Investors 2017", analyzes the investing preferences and portfolio allocation of Australian HNW investors. The report is based on our proprietary Global Wealth Managers Survey. Australia is known for its multicultural landscape, which is reflected in the country's HNW market. HNW investors in Australia stem from a range of different backgrounds and have distinctive demand patterns. The bulk of HNW individuals have accumulated their wealth through earned income, and the financial services and mining sectors are key generators of wealth. Investors show a strong affinity for equity investments, allocating almost half of their wealth into this asset class in order to benefit from Australia's dividend imputation system.......
$3450

Smart Money Investing in the Financial Services Industry: Tracking M&A, VC and PE Investments Globally – Q1 2017

Smart Money Investing in the Financial Services Industry: Tracking M&A, VC and PE Investments Globally - Q1 2017 Summary GlobalData's "Smart Money Investing in the Financial Services Industry: Tracking M&A, VC and PE Investments Globally - Q1 2017", report provides detailed analysis of investment activities in financial services industry globally during the first quarter of 2017. The report provides comprehensive coverage of investment activities including mergers, acquisitions, asset transactions, venture financing and private equity, both in terms of deal value and volume. It also provides a global snapshot of investment trends in sectors including banking, payments, insurance and wealth management, and information on best practices followed by market participants in the form of case ......
$750

UK Commercial Insurance Distribution 2017

UK Commercial Insurance Distribution 2017 Summary "UK Commercial Insurance Distribution 2017", report provides an in-depth study into the trends of commercial insurance distribution. The report discusses the influence of the differing purchasing behaviors of SMEs compared to larger corporate businesses, and pays particular attention to the role and strategies of brokers within product distribution. It also addresses the challenges in the market and the impact of technology on consumer channel preferences, before concluding with a distribution forecast for the coming years. Commercial insurance remains a highly competitive market, and the distribution of its products continues to evolve and vary. Brokers hold the highest share of the commercial market despite incremental growth in the ot......
$5250

Wealth in Russia: HNW Investors 2017

Wealth in Russia: HNW Investors 2017 Summary GlobalData's "Wealth in Russia: HNW Investors 2017", report analyzes the Russian investment market, with a focus on the HNW segment. The report is based on GlobalData's proprietary datasets. Typically, Russian HNW investors are men over the age of 40 who have sourced their wealth through the mining and oil or construction sectors. Recent political and economic instability has driven more investors to ask for professional advice; however, they are still reluctant to relinquish control completely, preferring advisory mandates. Cash and bonds traditionally dominate the Russian HNW portfolio, and will continue to do so in the future. All planning services are forecast to see an increase in demand, but tax and financial planning services will be t......
$3450

Wealth in the UK: HNW Investors 2017

London is a major wealth capital with competitive financial services, fintech, and property industries. HNW individuals from around the world reside in the UK, particularly London, for its attractive lifestyle and business opportunities. The majority of UK HNW investors are over the age of 50, with males accounting for the majority. Equity and bond investments constitute the greatest proportions of UK HNW portfolios, mirroring the regional average. UK wealth managers experience strong demand for financial products and services, with pension planning in particularly high demand. Key points include - Inherited wealth dominates among UK HNWs, but taken together the largest share has been sourced from family business ownership and first-generation entrepreneurship. The vast majority o......
$3450

Alternative Payment Solution: Apple Pay

Alternative Payment Solution: Apple Pay Summary Apple Pay is a mobile payment solution launched by Apple Inc (Apple) in October 2014. At present, the solution is available in 14 markets outside the US: the UK, Australia, Canada, China, France, Hong Kong, Singapore, Switzerland, Russia, New Zealand, Japan, Spain, Ireland, and Taiwan. Apple Pay is available on a number of Apple devices including the iPhone 7, iPhone 7 Plus, iPhone 6; iPhone 6 Plus; iPhone 6s; iPhone 6s Plus; iPhone SE; iPad (5th generation), iPad Pro; iPad Air 2; iPad mini 4; iPad mini 3, and the Apple Watch. The solution is accepted across 11 million retail outlets globally and supports all major payment networks, including American Express, Visa, Mastercard, and China UnionPay. In the US alone, it is accepted at nearly ......
$350

Wealth in South Africa: HNW Investors 2017

More than 40% of South African HNW investors generated their wealth through earned income, mainly through manufacturing and the real estate (property sector). Most HNW individuals opt to have their assets managed by a professional, driven by a lack of expertise. However, clients who self-direct their investments do so mainly to avoid management fees and to retain exclusive control over some of their portfolio. Equities are the preferred asset class, but property, alternatives, and cash are forecast to experience notable increases over the next 12 months. Demand is quite pronounced for pension and inheritance planning, and a strong increase in demand is forecast across all planning services. Key points to note - Expats account for a below-average proportion of the HNW population, ......
$3450

The Cards and Payments Industry in Taiwan – Emerging Trends and Opportunities to 2021

Taiwan's e-commerce market is one of the fastest growing in Southeast Asia, and is driven by the rise in internet and smartphone penetration. E-commerce increased from US$22.4 Billion (TWD661.9 Billion) in 2012 to US$35.2 Billion (TWD1.1 Trillion) in 2016, at a review-period CAGR of 11.98%. Behind the growth of e-commerce payments are the multiple payment methods provided by e-commerce websites including payment cards, direct debits, cash or card on delivery, bank transfer and digital and mobile wallets. Cash continues to be the preferred mode of consumer payment, accounting for 76.3% of the overall payment transaction volume in 2016. Consumers in Taiwan have a strong inclination towards cash for day-to-day transactions, despite the gradual rise in electronic payments. The government of......
$2750