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.”