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A Queensland fintech startup that’s joined BPAY is about to make paying bills easier

Sniip, a free mobile app that lets you scan bills and pay them quickly using its mobile wallet, has signed a partnership with BPAY.

Sniip’s move into BPAY is being sponsored by the Indue, the Australian-owned e-payments bank.

As a result of joining the payments platform, Sniip is increasing the number of billers accessible through its app to 45,000, and gaining access to 1.5 million more payments daily.

It’s also the first mobile payments solution outside the banking sector to join BPAY.

Sniip CEO Damien Vasta said that because BPAY aggregates every biller in Australia and Sniip aggregates every financial institution used to pay these bills, the partnership will also be “the first real change to the national bill payment landscape since the advent of BPAY itself”.

“When BPAY was introduced in 1997, its centralised online bill payment capabilities revolutionised bill payment for Australian consumers practically overnight,” he said.

“This new partnership and its bank and card-agnostic solution is designed to enhance this capability by providing Australians with a fast, simple, and seamless means to pay any bill through any bank and using any type of mobile.”

Sniip’s inclusion on BPAY puts an end to having to manually enter the biller code and reference number when paying a bill. with the app scanning it instead.

Indue CEO Derek Weatherley said several of Sniip’s enhanced features such as payment scheduling,  reminders, and receipt storage for tax and record-keeping, attracted the bank to the fintech startup.

“Sniip’s customer-centric approach to innovation is a key reason we are proud to sponsor them into the BPAY scheme, and we look forward to working together to transform Australia’s payments landscape for the good of all Australian bill-payers,” he said.

Sniip launched in Queensland in 2016 with several major billers in the state. Last year it went national when Australia Post began to offer its customers the app as a payment option.

Sniip joins BPAY with mobile payments offering

Mobile payments provider Sniip says it will be increasing the number of billers accessible through its app to 45,000, and gaining access to 1.5 million more payments each working day, after being sponsored into the BPAY scheme by e-payments giant, Indue.

According to Sniip, once sponsorship is finalised, it will be the “first ever mobile bill payments solution” offered by BPAY outside of the banking sector, and the very first to be completely bank-and financial institution-agnostic.

“Because BPAY aggregates every biller in Australia and Sniip aggregates every financial institution used to pay these bills, the partnership will also be the first real change to the national bill payment landscape since the advent of BPAY itself,” according to Sniip chief executive Damien Vasta.

“When BPAY was introduced in 1997, its centralised online bill payment capabilities revolutionised bill payment for Australian consumers practically overnight.

“This new partnership and its bank and card-agnostic solution is designed to enhance this capability by providing Australians with a fast, simple, and seamless means to pay any bill through any bank and using any type of mobile.

“With Indue’s 50 plus years’ experience in payments, combined with its ability to think and operate like a fintech, we are confident the partnership will be a success.”

Australia Post pilots Sniip bill-paying app to save customers time

Australia Post is pleased to be offering its customers a new choice for paying bills by piloting state-of-the-art mobile payments app, Sniip.

General Manager Payments and Financial Services at Australia Post, Deanne Keetelaar, said Sniip’s mobile payment technology means customers can pay their bills from their smartphones within seconds.

“Australia Post is very excited to be working with Sniip on this pilot project, which supports our commitment to continually improving the bill payment experience for customers,’’ Ms Keetelaar said.

“We will initially be offering our customers the ability to pay bills from selected billers using Sniip and seeing how they respond. Sniip has proven through its current billing partners that bill payers see the need for a simple user experience that is both secure and fast,” she said.

Founder and Chief Executive Officer of Sniip, Damien Vasta, said the company was excited to be working in partnership with Australia Post, introducing the new payment option via a simple scan of ‘Post Billpay’ barcodes, which currently appear on many bills.

“We see it as a great vote of confidence that Australia Post is working with us to offer Sniip as a bill payment option to its vast customer base,’’ Mr Vasta said.

Sniip offers substantial benefits to billers including cost savings compared to other payment methods, quicker payments and conversion to paperless bills via in-app push notification of bills to users.

“With Sniip now available as a payment tool, users can scan the “Post Billpay” barcodes and pay their bills within seconds, eliminating the need to enter a long account number, reference number or bank account details.

“The Sniip integration makes payments easier and safer on a mobile, allowing customers to manage their bills more efficiently in-app and reducing instances of misplaced bills, forgotten emails and late payment fees,’’ Mr Vasta said.

“We’ve already helped customers including Brisbane City Council and Queensland Urban Utilities to improve the bill payment experience for their customers and we look forward to extending this to Australia Post.”

Mr Vasta said that with an estimated 80% of Australians owning a smartphone, and people using them for almost everything they once did on a desktop, offering customers the ability to both receive and pay a bill on a mobile is simply responding to a market need.

“There is a consumer expectation that everything can be accessed on a mobile, and everything should be easy to use. Paying a bill is never pleasant, but Sniip has tried to offer customers the ability to make it happen quickly and easily,’’ Mr Vasta said.

Mr Vasta said that 88% of current Sniip users paid their bills before the due date, which is considerably higher than the national average for billers. The Australian-developed mobile payment app has been well received by the market, growing transaction volumes by 15% quarter-on-quarter since 2016.

Toowoomba Regional Council first in Australia to launch digital bill delivery using push notifications, via Sniip

Toowoomba Regional Council is leading Australia in digital billing, by partnering with Australia’s first bank-agnostic payments and billing app, Sniip, to launch a patented “m-billing” function that will alert ratepayers of Council rates and water bills via push notifications directly on their smartphones.

Ratepayers can opt into the function by registering for m-billing in the Sniip app, from which point they will receive future bills directly into the app via push notifications and can pay in a few simple clicks, without inputting any extra data or leaving the app.

The end-to-end paperless solution is expected to drastically reduce the Council’s overheads and carbon footprint by helping them transition seamlessly to paperless billing, shorten bill payment times across the region, and simplify bill payments for ratepayers.

“Toowoomba Council is addressing the long-standing issue of late payments, which has been an ongoing and very expensive concern for billers across Australia,” said Damien Vasta, CEO of Sniip.

“The fact that there have been so many attempts to address Australia’s billing and payments problem is testament to how much of an issue it really is. Unfortunately, many of these attempts have been incomplete and can even compound the issue.

“The confusion for customers mistaking email bills for junk mail or spam has actually increased numbers of late payments, while payers typically still need to open a PDF, go to a different website to pay, and repeatedly input large amounts of information.

“M-billing, eliminates every one of these issues. Push notifications are seen instantly and can be actioned in seconds. There’s no need to input further information after the app is set up, data is stored with bank grade security that can’t be hacked, and all payment history is stored for future reference. The key is to seamlessly integrate the bill-receiving and bill-payment functions.

“We applaud Toowoomba Regional Council for being a pioneer of this technology on behalf of their constituents ahead of every other council in Australia,” concluded Damien Vasta.

The move towards completely digital payments by the Council comes shortly after calls by Treasury to stop banks, telcos, and energy providers from negatively coercing consumers away from paper billing through punitive fees. It also comes after decades of research that highlights cash flow as a key indicator of long-term business viability and success, including the Federal Government’s Prompt Payment Protocol Paper which highlighted that 90 per cent of SME failures result from poor cash flow.

Sniip’s “scan to pay” functionality – where payers scan a QR code and pay via the app, but continue to receive paper bills – has already been rolled out for Toowoomba, Gympie Regional Council, Brisbane City Council and Queensland Urban Utilities.

However, Toowoomba Regional Council was also first to pioneer Snip’s “scan to pay” functionality in 2015, and is proud of being consistently first in Australia to break new ground in the important area of payments innovation and progression, according to General Manager Finance and Business Strategy, Arun Pratap.

“Like any Australian council, we are dedicated to serving the needs of our residents, and are constantly seeking out new ways to improve their lives, including using innovation to create more options for making payments,” said Arun Pratap.

“We understand that keeping on top of bill payments can be stressful for many Australians, who want to pay on time, but who often have so much else going on in their lives that sometimes things slip through the cracks.”

“We fully believe we’re making their lives easier by offering m-billing, while also helping the environment and reducing ratepayer-funded council overheads” concluded Arun Pratap.

Sniip and Australia Post join forces to provide consumers with choice in paying bills

Mobile payment technology company Sniip is working with Australia Post to provide greater choice to consumers in how they pay their bills. Co-founder and Chief Executive Officer of Sniip, Damien Vasta, said the company was excited to announce a new partnership with Australia Post to explore the use of Sniip to enable consumers to pay bills using the Post BillPay barcode anytime, anywhere.

“Working with Australia Post presents an exciting opportunity to bring the benefits of speedy and secure bill-payment to the vast network of Post Billpay users Australia-wide,’’ Mr Vasta said.

“This partnership is truly a breakthrough in customer service delivery, meeting the needs of the modern customer by catering for today’s mobile-centric society.”

As a stand-alone offer, Sniip offers substantial benefits to billers including cost savings over incumbent payment methods, quicker payments and conversion to paperless bills via an in-app notification to users now.

By using Sniip Post Billpay customers will be able to use the app as an additional way to scan and pay their bills within seconds using barcode technology, eliminating the need to enter a long account or payment reference number or bank details or waste time paying over the phone.

“Mobile payments have become a hugely popular method of making both discretionary and non-discretionary payments.”

“The Sniip integration makes payments easier and safer on a mobile, allowing customers to manage their bills more efficiently in-app and simply reducing instances of misplaced bills, forgotten emails and late payment fees,’’ Mr Vasta said.

Mr Vasta said that with an estimated 80% of Australians owning a smartphone, and people using them for almost everything they once did on a desktop, mobile bill paying and receiving was the way of the future.

“There is a consumer expectation that everything can be accessed on a mobile, and everything should be easy to use,’’ Mr Vasta said.

Sniip is already a payment option for some of the largest billers in Queensland, including Brisbane City Council and Queensland Urban Utilities.

“We are delighted to be working with Australia Post to extend our service to Australians on the go through this exciting partnership.

Sniip revealed as finalist ‘Fintech Business of the Year’ in Optus My Business Awards 2017!

A record number of finalists have been revealed for this year’s Optus My Business Awards, ensuring the SME community’s night of nights will be bigger than ever this year!

Hundreds of businesses across Australia have submitted their nominations for 27 categories. Judges were blown away by the calibre of many of the entries, demonstrating exceptional business leadership, impressive innovations and unwavering commitment to their respective industries and customers.

Of course not everyone can make it through to the next stage – check out who is in the running in our full list of finalists below.

Judging will now commence straight away with a select group of leaders in business and industry, taking on the difficult task of selecting winners for each category. These winners will then automatically be included as finalists for the coveted My Business – Business of the Year award.

Winners will be announced at a black-tie dinner on Friday, 10 November 2017, at the luxurious The Westin Sydney, with major sponsors including Optus, Kwik Kopy, Qantas Business Rewards and Momentum Intelligence.

Congratulations to all of our 2017 finalists and thank you to everyone who sent in their submission!

Fintech Business of the Year

Curve Securities
ezyCollect
Maestrano
MAUS Business Systems
MoneyMe Financial Group
NowInfinity
Practice Ignition
SelfWealth
Sniip
zipMoney

Sniip and Xero join forces to bring real-time billing to small business

Sniip, a new mobile payment app, has launched in Australia, with Toowoomba Regional Council the first biller to trial the new technology with its ratepayers.

Consumers can now scan and pay bills within seconds using Sniip’s trademarked circular QR code, eliminating the need to enter a long account number or bank details or pay via credit card over the phone.

Sniip CEO Damien Vasta said the Australian-owned company was working with a number of government agencies and utility companies to implement Sniip as a fast payment option for bills.

“Toowoomba Council is to be congratulated on leading the way in the digital payment space,” he said.

“We interact so much through our phones, but until now there’s been no dedicated mobile payment option on a bill.”

Toowoomba Regional Council Customer Services portfolio spokesperson, Cr Anne Glasheen, said the council was keen to harness the many benefits of new digital technologies.

“What’s important is that we offer choice,” she said. “Digital technology is transforming our shopping, banking, service and even our social habits.”

“We will be trialling this new app with the view to expanding it to other council services,” she said.

Mr Vasta said using the Sniip app on your smart phone was more secure than carrying your wallet – no-one can view your card details or make a purchase without entering your 4-digit pin.

“Once you’ve downloaded Sniip and created an account, you can pay a bill in seconds – you no longer have to visit a service centre, spend time paying over the phone or even log-on to your internet banking,” he said.

The Sniip app is being rolled out to both the public sector and private retailers.

Brisbane City Council gets Sniip!

The Brisbane City Council (BCC) has entered into an agreement with mobile payment technology company Sniip to streamline its billing processes with rates notices about to be issued across the city.

Co-Founder and Chief Executive Officer of Sniip, Damien Vasta, said the company was excited about the new partnership with BCC which would provide a central, secure and organised way for customers to receive, view and pay bills in the mobile world.

“Brisbane City has over 450,000 homeowners and this technology allows for the best possible customer experience for its residents,’’ Mr Vasta said.

Mr Vasta said Sniip had developed a speedy and safe method for making a payment – either by scanning the circular QR code on the bill or by electing to receive a bill electronically into the Sniip app.

“Using the Sniip app on your smart phone is more secure than carrying your wallet – no-one can view your card details or make a purchase without entering your 4-digit pin.”

“Sniip provides instant payment methods as well as calendar reminders, which means people are less likely to be hit with late payment fees,’’ he said.

He said BCC welcomed Sniip for its innovation, convenience and because the world-class technology had been developed in Queensland.

“Brisbane City Council has shown its willingness to embrace innovative, home-grown proposals designed to make living in Brisbane a better experience,’’ Mr Vasta said.

“We are looking forward to working with BCC in streamlining the bill paying process for its customers.

Sniip is also working with other tiers of government and utilities companies to roll out the technology.

“We think that the BCC has cleared the path for other billers to offer Sniip as the most convenient payment option to their customers, especially those based in Queensland,” said Mr Vasta.

He said Sniip offered substantial benefits to billers including cost savings over incumbent payment methods, quicker payments and conversion to paperless bills.

“Consumers can scan and pay their bills within seconds using Sniip’s trademarked circular QR code, eliminating the need to enter a long account number or bank details or waste time paying over the phone.

“Mobile phone payments are becoming a hugely popular method of making payments to billing organisations.

“Once you’ve downloaded Sniip and created an account, you can pay a bill in seconds.”

The BCC agreement is the latest coup for Sniip which recently successfully raised $3 million in a private placement to roll out its mobile bill payment technology across Australia.

The $3 million raising managed by Integra Advisory Partners Pty Ltd has introduced a number of successful high net worth and family office investors to the register which already includes the founding CEO and CFO of Virgin Blue Brett Godfrey and Manny Gill as major shareholders along with Sniip CEO Mr Vasta.

Sniip is also pleased to announce rugby league legend Darren Lockyer as a Sniip brand ambassador and new shareholder.

Toowoomba takes to Sniip!

The availability of new payment option “Sniip” has seen ratepayers in Toowoomba take to mobile payments in large numbers.

Sniip, which allows a consumer to make a secure payment on their mobile using a 4-digit PIN was introduced successfully on Toowoomba Water Notices in November 2015 as an Australian first. Sniip has since been offered to Toowoomba residents on rates notices, and has been overwhelmingly accepted by a population ready to embrace a digital payment option that is safe and easy to use.

Toowoomba Regional Council Chief Financial Officer Arun Pratap said he has been very pleasantly surprised by the uptake of Sniip in the region.

“We just wanted to give our residents a new option that was all about secure and convenient payments using your mobile. We understand that this is the way the world is moving – we just didn’t realise how ready people were for this today,” said Mr Pratap.

“Just seeing the increase in people using Sniip from November to now is confirmation that Council needed to offer this option to residents. The positive feedback from users really backs that up.”

Sniip CEO Damien Vasta said he is most encouraged to know that people are finding Sniip easy to use.

“We know everyone is using their mobile for everything else, but until now, making payments on a mobile has been awkward and time-consuming,” said Mr Vasta.

“For Sniip to be accepted by Toowoomba and other Councils, we not only needed to offer them a payment channel that was all about the mobile, we needed to make it both safe and speedy via an app that is extremely easy for customers to use. The increase in usage from the first Toowoomba notice to the second is great evidence that we are doing something right,” he said.

Sniip will be also available as a payment option for the residents of Gympie on their next rates notice, with more Councils and Utilities companies to follow in the coming weeks.

The Sniip app is available to download for free from the App Store and Google Play.

Sniip launches Australia’s first billing app in Toowoomba

Sniip, a new mobile payment app, has launched in Australia, with Toowoomba Regional Council the first biller to trial the new technology with its ratepayers.

Consumers can now scan and pay bills within seconds using Sniip’s trademarked circular QR code, eliminating the need to enter a long account number or bank details or pay via credit card over the phone.

Sniip CEO Damien Vasta said the Australian-owned company was working with a number of government agencies and utility companies to implement Sniip as a fast payment option for bills.

“Toowoomba Council is to be congratulated on leading the way in the digital payment space,” he said.

“We interact so much through our phones, but until now there’s been no dedicated mobile payment option on a bill.”

Toowoomba Regional Council Customer Services portfolio spokesperson, Cr Anne Glasheen, said the council was keen to harness the many benefits of new digital technologies.

“What’s important is that we offer choice,” she said. “Digital technology is transforming our shopping, banking, service and even our social habits.”

“We will be trialling this new app with the view to expanding it to other council services,” she said.

Mr Vasta said using the Sniip app on your smart phone was more secure than carrying your wallet – no-one can view your card details or make a purchase without entering your 4-digit pin.

“Once you’ve downloaded Sniip and created an account, you can pay a bill in seconds – you no longer have to visit a service centre, spend time paying over the phone or even log-on to your internet banking,” he said.

The Sniip app is being rolled out to both the public sector and private retailers.