Alternative Payment Solution: POLi
POLi is an online payment solution offered by POLi Payments. Launched in 2006, it is currently available in Australia and New Zealand. The solution offers online banking-based payment services and is used to make payments to online retailers, utility service providers, airline operators, and government agencies.
The solution allows users to pay for online purchases directly from their bank account without the need for a payment card. Merchants receive instant payment acknowledgment, allowing them to immediately supply goods or services to customers.
POLi is currently supported by 21 banks and financial institutions in Australia and New Zealand. Customers do not have to register separately to use the service. In addition to online purchases, POLi users can carry out utility bill payments and P2P payments. It offers a P2P app embedded within Facebook, allowing users to send and receive money to and from their Facebook friends.
In 2014, POLi Payments was acquired by SecurePay Holdings, a fully owned subsidiary of Australia Post. However, it continues to operate as an independent business.
Merco Limited is responsible for sales, marketing, and other support services for POLi in New Zealand. The New Zealand Transport Agency was the first merchant to offer POLi payments to its customers.
The report provides information and insights into alternative payment solution POLi including -
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