Australian fintechs Zepto and Stake partner to revolutionise investment experiences with PayTo
Zepto, the leading innovator in account-to-account payments, have announced a partnership with online investment platform Stake to help facilitate its Recurring Investment product via an integration with PayTo.
This is one of the first applications of PayTo to enable recurring deposits through a brokerage platform.
Developed by Australian Payments Plus, PayTo allows Stake customers to initiate real-time, account-to-account payments directly from their bank — for instant settlement and reconciliation. Once a customer sets up an agreement, they can facilitate payments without the need to share bank details with Stake.
Key to the PayTo integration is the ability for Stake customers to set up automated, recurring investment plans, providing a convenient process for those following a dollar-cost averaging strategy. One-off payments are also available, giving customers flexibility in their choices.
Head of Product at Stake, Alex Robertson, said, “At Stake, the customer experience is at the core of everything we do, and we wanted to make our Recurring Deposits offering as seamless as possible. PayTo emerged as the best possible way to achieve this, and given Zepto’s strong track record, and direct connection to the NPP payment rails, it was clear they were the best partner for this project.”
This partnership not only elevates Stake’s offering, but also shows how Australia’s cutting-edge payment technologies can be applied to increase innovation for consumers.
Chief Commercial Officer at Zepto, Colin Baines (pictured), said, “We’re thrilled to partner with Stake to bring PayTo to the forefront of the investment world. This partnership marks a significant milestone as it introduces a new standard for speed, security, and control in investment transactions. PayTo is revolutionising how investors manage their investments, allowing them to seize opportunities faster and more confidently.”
“Zepto is committed to unlocking Australia’s payments infrastructure’s full potential and decentralising access to real-time payments. Our partnership with Stake is a perfect example of how we’re driving innovation and accessibility in the financial sector.”
As Australia’s first non-ADI directly connected to the NPP for PayTo, Zepto is pioneering a new era of financial infrastructure. With Zepto’s modern payments API, large enterprises can unlock a world where payments move in real-time with enhanced transaction data. A world where they can optimise for end-user experience over trade-offs to outdated payment methods no longer fit-for-purpose in a real-time, always-on economy.
