Latest Payment Platforms News

Klevo Rewards is pursuing an Australian Credit Licence acquisition to enable crypto-centric credit products for Fly Wallet users, aiming to reduce declined transactions and boost platform utility.

Klevo Rewards reports a 164% year-on-year jump in Fly Wallet’s processed Gross Dollar Value to $344 million, driven by international transactions. The company sees a $15.2 million opportunity to recapture missed revenue from declined payments due to insufficient funds.

Peppermint Innovation has attracted a strategic A$2.1 million investment from key Philippine payments companies, accelerating its digital wallet platform’s growth in the country’s fast-evolving market.

Spenda Limited reported a significant reduction in its half-year net loss to $6 million, alongside a doubling of payment transaction volumes, as it restructures leadership and refocuses its core software and payments products.

Freelancer Limited has reported a landmark FY25 with record net profit and revenue growth, powered by strong AI integration and strategic expansion across its core marketplaces.

Wisr Limited reports robust half-year growth with a 23% increase in its loan book and a 14% rise in revenue, setting the stage for expected cash profitability in the second half of FY26.

Viva Leisure has reported a robust half-year performance with underlying NPAT up 46.8% and revenue climbing to $116.5 million, driven by strong organic membership growth and a booming technology segment.

Klevo Rewards Limited’s subsidiary Fly Wallet has secured key Mastercard compliance and earned over AUD 550,000 in incentives, marking a significant step in its payments platform evolution.

Xero Limited has outlined a bold AI strategy and detailed the integration of Melio to accelerate its US market growth, supported by new financial disclosures and a clear path to profitability.

Peppermint Innovation Ltd reported robust growth in its Philippines digital payments platform during Q4 2025, with wallet prefunding surpassing PHP 486 million and transaction volumes surging. The company is preparing to launch a new payment processing business in March 2026 while actively pursuing capital raising to support expansion.

Axtec Limited maintains a steady cash position through strategic equity placements and cost reductions while advancing its PropTech platform and partnerships.

Klevo Rewards Ltd has successfully reinstated its ASX listing, completed a $3.4 million capital raise, and made significant progress on its digital wallet and loyalty platform. The company’s improved cash position and operational momentum set the stage for its next growth phase.