A Tipping Point for Australian Payments Embracing Change while Maintaining:  A Resilient and Trusted Payments System

Top 10 Payment Solutions Companies - 2022

The digital transformation of the payments industry has continued to accelerate at a breakneck pace in the wake of the pandemic. With more and more consumers now expecting the convenience and flexibility of digital payments, the sector has become more agile and innovative than ever to meet newer demands.

New-age payments firms, for instance, are forging ahead to take the lead in the Payments 4.X era by riding the success of non-card products and services. This new era is driven by API-based business models and open ecosystems collaboration to unleash its full market potential. Data prowess and enhanced payment processing capabilities are other inevitable trends driving the industry ahead.

It is also important to note that even as the world anticipates a post-pandemic future, the habits created over the last two years are here to stay. In response, payments vendors must work on offering solutions that aligns with a business’s digital-first shopping experience—seamless, efficient, convenient, and personalized. Moreover, these experiences need to be enabled across the entire customer journey, from pre-purchase through post-purchase.

At this juncture, there is a variety of payment solution vendors that are entering the market to cater to the different needs of the payment domain. To help them choose the solution that best fits their requirement, CIOReview APAC has compiled a list of payment solution vendors. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.

We present to you CIOReview APAC’s “Top 10 Payment Solutions Vendors – 2022.”

    Top Payment Solutions Companies

  • Eway is a leading global payment gateway, allowing businesses to accept secure credit card payments 24/7 from customers around the world. Their goal is to make eCommerce as easy as possible for merchants and their customers. Being part of the Global Payments Inc. network, a leading provider of payment technology services which allows them to continue delivering local expertise on a larger scale. They provide an all-in-one online payment solution that allows their customers to accept all payment types across a variety of distribution channels in many markets around the world


  • Monoova enables businesses to manage all incoming and outgoing transactions automatically with one single API integration. The company's platform supports a variety of payment rails, as dictated by clients' business requirements, including Direct entry, BPAY, real-time gross settlement (RTGS), and NPP.Additionally, Monoova's platform acts as a one-stop-shop for its clients, offering the ability to access statements and reports, receive callbacks, query account balances, and streamline other business-critical functions for real-time visibility. Moreover, for automatic reconciliation of payments, Monoova's exclusive Automatcher solution combines real-time receivables with real-time reconciliation; it enables clients to create and assign unique account numbers and PpayIDs for each of their customers.


  • SUNRATE started in 2016 and is committed to offering intelligent global payment and treasury solutions for business clients around the globe. SUNRATE has presence in Shanghai, Hong Kong, Tokyo, Singapore, Jakarta and London, supporting clients with international business in 130+ countries. As a strategic partner with top banks like Citibank, Standard Chartered Bank, and the principal member of Mastercard and Visa, SUNRATE continually provides one-stop digital services to global businesses.


  • Airwallex


    Airwallex is a payments platform transforming the way businesses move and manage money globally. They empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economyWith technology at their core, they built a global financial infrastructure to help businesses transact, collect and pay across 130+ countries and 50+ currencies, without the constraints of the traditional global financial system. This organisation has become Australia’s fastest-growing fintech unicorn and a well-funded international technology leader backed by world-leading investors

  • Card Access Services

    Card Access Services

    With over 28 years in the payment processing industry, Card Access Services has been providing solutions to Australian and international businesses of all shapes and sizes…from large corporate household names – to entrepreneurial startupsServices include custom software and hardware design and development, mobile application development, protocol conversion, managed services, integration. Sales channel and system integrators at PCI and EMV level. This is Australia's most experienced gateway

  • Dspread Technology

    Dspread Technology

    Founded in 2009, Dspread Technology is a high-tech enterprise dedicated to providing innovative payment products and end-to-end payment solutions for the payment industry. The products and services of Dspread Technology have been sold to more than 60 countries and regions all over the world. Dspread has global partners ranging from banks, acquirers, payment solution providers to third-party payment service organizations, service institutions for small and medium-sized enterprises and payment solution integrators. Dspread has never stopped bringing new products to meet the diverse demands in the new market, keeping up with the latest development of payment technologies and mobile internet technologies

  • GHL Systems

    GHL Systems

    As ASEAN’s leading payment solutions provider, GHL’s reach spans across 6 countries; Malaysia, Philippines, Thailand, Indonesia, Singapore and Australia – stretching over a vast footprint of over 380,000 payment touchpoints across the region. GHL prides itself as a one stop provider for both offline and online payment solutions, empowering businesses across ASEAN, with over 27 years’ worth of expertise to attest to their portfolio. GHL is the leading payment acquirer in ASEAN for over 100 global and regional payment schemes and channels, processing over RM1.5 billion payment transactions per month. GHL is also Malaysia’s largest prepaid credit top up and bill collection network. GHL aspires to catalyse sustainable livelihood of the Micro Small Medium Entrepreneurs (MSMEs) through financial and non-financial value-added services

  • MC Payment

    MC Payment

    MC Payment has been working with banks and partners to serve the payment technology needs of suppliers, merchants, and consumers. They facilitate businesses to accept electronic payments that are tailored to technology and lifestyle trends. Their payment solutions adapt to the complexities of local payments. Their mission is to provide the best payment services and support to local businesses. They are committed to continuously equipping and improving their products and services for the success of their clients

  • Merchant Warrior

    Merchant Warrior

    Merchant Warrior is a privately owned fintech company. This firm is one of the most innovative, secure, flexible, cost-effective and robust processing platforms. They provide one of the most innovative, secure, flexible, cost effective and robust processing platforms available in the eCommerce market today. They offer their clients a robust processing gateway by combining a vast range of advanced features and tools, which are made available through a simplistic interface

  • Novatti Group

    Novatti Group

    A leading digital payments company that enables fast, simple, and secure payments. Novatti’s award-winning in-house technology provides fintech solutions to meet most needs. Its services automate complex and utility-scale end-to-end processes and enables businesses to keep up with consumer demands to go cashless. Novatti enables businesses to pay and be paid, from any device, anywhere. From corner stores and startups to global organisations, our solutions will unlock your ambitions. Through our innovative technology and a global network, we enable anyone to transact from any device, anywhere

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