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
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