Finmo introduces direct real-time payment (RTP) integration in Australia and expands global team

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.