About Centrapay
Centrapay is a universal network platform from Centrapay that connects existing commerce systems to digital wallets. It provides support for various payment methods, reduces transaction costs, and future-proofs businesses against evolving payment technologies, so merchants can adapt to advanced commerce. This platform allows businesses to accept a wide range of digital currencies, simplifying payment processes and expanding customer options. Centrapay also facilitates integration with existing systems, ensuring a smooth transition to modern payment solutions. Key capabilities: digital wallet integration cost reduction multi-currency acceptance existing system compatibility future readiness Best for: merchants and businesses that need to accept diverse payment methods and adapt to the changing landscape of digital commerce.
Centrapay, through its consumer-facing app Payap, is a modern digital payments and wallet platform designed to streamline transactions for both merchants and consumers in New Zealand. By leveraging open banking technology, Centrapay allows users to link multiple bank accounts, store loyalty cards, and manage gift cards all within a single, secure digital wallet. Its QR code payment system enables fast, contactless transactions at POS terminals and online, reducing the reliance on traditional card networks and significantly lowering merchant fees to approximately 0.39%. For merchants, Centrapay offers a cost-efficient and future-ready solution that integrates easily with existing EFTPOS terminals. The platform’s loyalty and rewards features allow businesses to engage customers and incentivize repeat purchases, while the app’s real-time spending insights help consumers track budgets and manage finances effectively. Split payment functionality also adds convenience for shared transactions, making the platform versatile for both retail and hospitality environments. While Centrapay currently serves only the New Zealand market and some advanced features are still rolling out, it delivers a secure, centralized payment ecosystem with strong potential for adoption.
Pros & Cons
- +Significantly lowers payment processing fees compared to traditional card networks
- +Unifies multiple bank accounts, loyalty cards, and gift cards in a single app for convenience
- +Enables fast and secure QR code payments at POS terminals and online
- +Integrated loyalty and rewards program increases customer engagement and repeat business
- +Leverages open banking infrastructure for reliable and compliant transactions
- −Requires a mobile device and internet connection to access the app
- −Relies on merchant and consumer adoption for network effectiveness
- −Advanced features like peer-to-peer payments are still being rolled out
- −Merchants must sign up and configure POS systems to accept payments
- −Not all merchants initially support the loyalty and rewards integration
Features
Key features
- QR Payments
- Allows users to pay at POS terminals or online using QR codes for fast and secure transactions
- Centralized Digital Wallet
- Unifies multiple bank accounts, loyalty cards, and gift cards in one app for easy management
- Low Merchant Fees
- Reduces costs for merchants compared to traditional card networks with ~0.39% fee
- Loyalty & Rewards Integration
- Enables earning and redeeming rewards points directly through the app for customer engagement
- Open Banking Connectivity
- Connects securely to multiple NZ banks to enable seamless transfers and payments
- Spending Insights
- Provides real-time tracking of transactions and budget management for users
- Split Payments
- Allows users to divide payments across multiple accounts or with friends and family
Additional features
- Bank Account Linking
- Connects multiple NZ bank accounts for seamless payments
- QR Payments
- Scan and pay at compatible POS or online checkouts
- Loyalty & Rewards
- Earn and redeem merchant-specific rewards points
- Digital Wallet
- Store multiple bank accounts, loyalty cards, and gift cards in one app
- Peer-to-Peer Payments
- Transfer money to friends and family within New Zealand
- Spending Insights
- Provides users with real-time tracking, summaries, and budget tools
- Split Payments
- Divide a single transaction across multiple accounts or people
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Centrapay
Centrapay is a universal network platform from Centrapay that connects existing commerce systems to digital wallets. It provides support for various payment methods, reduces transaction costs, and future-proofs businesses against evolving payment technologies, so merchants can adapt to advanced commerce. This platform allows businesses to accept a wide range of digital currencies, simplifying payment processes and expanding customer options. Centrapay also facilitates integration with existing systems, ensuring a smooth transition to modern payment solutions. Key capabilities: digital wallet integration cost reduction multi-currency acceptance existing system compatibility future readiness Best for: merchants and businesses that need to accept diverse payment methods and adapt to the changing landscape of digital commerce.
Centrapay Details
Centrapay's In-App Market Place
Does Centrapay have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
NZD ($)
Pros & Cons
- Significantly lowers payment processing fees compared to traditional card networks
- Unifies multiple bank accounts, loyalty cards, and gift cards in a single app for convenience
- Enables fast and secure QR code payments at POS terminals and online
- Integrated loyalty and rewards program increases customer engagement and repeat business
- Leverages open banking infrastructure for reliable and compliant transactions
- Requires a mobile device and internet connection to access the app
- Relies on merchant and consumer adoption for network effectiveness
- Advanced features like peer-to-peer payments are still being rolled out
- Merchants must sign up and configure POS systems to accept payments
- Not all merchants initially support the loyalty and rewards integration
Centrapay's Support Options
Centrapay's Alternatives
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