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Flo2cash

From EverybodyWiki Bios & Wiki

Flo2cash
File:Flo2cash.png
Type of site
Fintech
Founded2003 (2003)
HeadquartersAuckland, New Zealand
Area servedNew Zealand, Australia, Canada
Founder(s)Jarnail Singh Gill
Key peopleAnkur Dharmani (CEO) [1]
IndustryInternet, Financial Services
ServicesPayment Systems, Credit Cards[2]
Websitewww.flo2cash.com
Current statusOnline

Flo2cash is a global payment technology provider headquartered in Auckland, New Zealand.[3][4][5][6] It was founded in 2003 by Jarnail Singh Gill and was formerly known as PayNZ.[3] Flo2Cash is one of the oldest FinTech companies of New Zealand and as of July 2016 processes around $10 million in transactions every month.[7]

Flo2cash specializes in setting up bank-independent merchant accounts capable of accepting one-off or recurring customer payments with no bank or IT support required from merchants.[3] Flo2cash is one of New Zealand's largest Internet payment companies.[8] The company operates as a payment processor for online vendors, auction sites, and other commercial users.[9]

The firm started by offering financial services, adding bill payment and online payments, with products similar to businesses such as Paypal, Amazon Payments, and Google Wallet.[7][10]

Background

Flo2cash was founded in 2003 as a financial services company. Flo2cash is an acronym for "Flow Through Cash Online".[11] with Android, Windows, and iOS apps.

Services

Major clients in New Zealand include Amnesty International,[12] Kiwi bank,[13] NZ Labor Party,[14] Oxfam NZ,[15] etc. Flo2Cash payment gateway is also getting integrated with Magento, e-commerce platform, WooCommerce[16] ecommerce toolkit, and Xero Accounting Software.

Payments bank

Flo2cash has received a license from ANZ Bank New Zealand, ASB Bank, and Australia and New Zealand Banking Group for starting one of New Zealand's first payments banks.[2] The bank intends to use Flo2cash’s existing user base for offering new services, including debit cards, savings accounts, online banking and transfers, to enable a cashless economy.[17]

References

  1. "Flo2Cash, income opportunity for experience". Franchise. franchise New Zealand. 29 June 2016. Retrieved 10 August 2016.
  2. 2.0 2.1 "MasterCard launches MasterPass in New Zealand Collaborating with Flo2cash". Scoop New Zealand. Scoop New Zealand Press. 30 December 2015. Retrieved 30 August 2016.
  3. 3.0 3.1 3.2 "A guide to online payment options". Motive Guides.
  4. "Top 8 Methods for Accepting Online Payments in New Zealand". POLi Merchant Center.
  5. "MasterCard launches MasterPass in New Zealand". "Scoop" Independent News.
  6. "MasterCard launches MasterPass in New Zealand | Global Hub". MasterCard.
  7. 7.0 7.1 "Reader gives generously". Business Standard. 6 May 2016. Retrieved 30 August 2016.
  8. "MasterCard launches MasterPass in New Zealand Collaborating with Scoop New Zealand". Scoop New Zealand Press. 123 online press. 30 December 2015. Retrieved 30 August 2016.
  9. "Security Need". Rent on time. Rent on time. 27 August 2015. Retrieved 30 August 2016.
  10. "Flo2Cash offers a recurring income opportunity for experienced sales professionals". Stuff New Zealand. franchise New Zealand. 29 June 2016. Retrieved 10 August 2016.
  11. "Flo2cash, always bringing the Uber experience to you". #flowthecash. Flo2cash. November 13, 2014.
  12. "Privacy Policy". Amnesty International New Zealand.
  13. "Which shopping carts are supported by Fetch™ web payments?". Fetch.
  14. "Scaremongering on credit cards". The Standard.
  15. "Security". Oxfam Unwrapped.
  16. "Ultimate list of best WordPress plugins for adding payment gateways in WooCommerce store". Thats Journal.
  17. "The great Flo2Cash Integration - $500". 123 online. 123 online press. 30 December 2015. Retrieved 30 August 2016.

External links


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