Fintech disruptor @Pay (AtPay) has chosen Pismo's cloud-native API-based platform to support its operations in Australia. 

AtPay is a decentralised finance (DeFi) protocol and the first Buy Now Pay Later (BNPL) platform built to integrate blockchain technology with cryptocurrency in the region. The platform enables merchants to seamlessly receive payments from customers using authorized for both in-store and online transactions. @Pay, which operates under the Enhanced Regulatory Sandbox license granted by the Australian Securities and Investments Commission (ASIC) and registered with the Australian Transaction and Reports Analysis Centre (AUSTRAC), employs the Pismo core banking platform to facilitate the offering of BNPL, debit, credit, and prepaid cards. It also uses the Pismo platform to tokenize cards for inclusion in Apple and Google wallets. The @Pay platform will soon go live with a soft launch in Australia and is planned to be commercially released in Q1 2024, with plans to move into other jurisdictions, such as the GCC region and North America, later in 2024. 

“Pismo, being a cloud-native player in this space, provides us and our tech stack with the agility to offer best-in-class core banking technology to consumers and merchants. It also supports our BNPL and card management programs," says Sahir Nadeem, CTO of @Pay. "With Pismo, we will maintain control over payment authorizations so that users can utilize our services only at partnered merchants. Pismo’s cloud-native platform also enables AtPay to enter new geographies with scalability, security, and serviceability as we expand our footprint internationally."

AtPay is working on a project that has already signed over 150 active corporate clients. Grow Finance is the BIN sponsor for @Pay.

Vishal Dalal, CEO (North America, EMEA, and APAC) at Pismo, adds: “@Pay has an ambitious mission: to make a difference in Australia and the multi-trillion dollar payments industry at large globally. We are thrilled to help them in this journey with our cloud-native, API-based platform." Vishal adds: "@Pay seeks to expand beyond Australia, and we believe our platform can help play a pivotal role in meeting @Pay’s aspirations.”