InPayTech Limited gains Hong Kong patent approval

InPayTech Limited gains Hong Kong patent approval

Integrated Payment Technologies Limited (InPayTech – ASX Code: IPone) has received approval for its patented payments process in Hong Kong.

 

InPayTech has also patented its unique payments process in other Asian countries namely Japan and mainland China. Patents are pending in Singapore.

 

In the western world, patents are approved in South Africa and New Zealand and pending in the United States of America, Canada, and Australia.

 

InPayTech is an Australian financial technology company that has created a unique payments process in support of Australia’s banking, wealth management and superannuation sectors.

 

InPayTech will capitalise on Government regulation to enhance its business in:

 

  • Superannuation, via the Single Touch Payroll (STP) initiative of the Australian Taxation Office;
  • Banking, providing overlay services for the Reserve Bank’s New Payment Platform (NPP) initiative; and
  • Business payments, participating in the eInvoice initiative of The Digital Business Council.