Zepto provides real-time account-to-account payment solutions using the New Payments Platform (NPP) and PayTo® technology, enabling businesses to collect, receive, and disburse funds instantly. This approach addresses the inefficiencies of traditional payment systems by facilitating immediate transactions, enhancing cash flow, and streamlining operational processes.
Funding
$18.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DPFounders
Product
Problem
Traditional payment systems often involve delays, manual handling, and inefficiencies, hindering businesses that require immediate transactions and streamlined operational processes. These legacy systems struggle to keep pace with the demands of the real-time digital economy, impacting cash flow and customer experience.
Solution
Zepto provides a real-time account-to-account payment solution leveraging the New Payments Platform (NPP) and PayTo technology to enable businesses to instantly collect, receive, and disburse funds. Their API-driven platform facilitates high-volume, time-critical payment flows with real-time messaging, settlement, and reconciliation. Zepto's solution supports various use cases, including real-time collections and refunds, loan disbursements and repayments, superannuation contributions, and funding of digital wallets. By connecting directly to the NPP, Zepto ensures secure and resilient payments, improving cash flow, automating back-office processes, and enhancing the overall customer experience.
Target Audience
Zepto primarily targets enterprises and businesses seeking to modernize their payment infrastructure, improve cash flow, and enhance customer experience through real-time account-to-account payments.
Features
- Real-time payments via the New Payments Platform (NPP) and PayTo
- API-driven platform for seamless integration with existing systems
- Instant funds transfer with the ability to activate thousands of PayIDs instantaneously
- Automated validation of destination bank accounts to ensure NPP compatibility
- Support for data-rich payments with up to 280 characters of reference text
- Secure connectivity to NPP payment rails with real-time messaging
- ISO/IEC 27001 certified for information security, cybersecurity, and privacy protection
- Direct Debit functionality to reduce dishonors and maximize payment success