Friday, 24 March, 2023

Paypa Plane gets a 20% shareholding from Commonwealth Bank

<p>The Commonwealth Bank of Australia revealed that it has purchased a 20% stake in Paypa Plane, a fintech company based in Brisbane. The partnership will provide Australian businesses with a &quot;better payments experience&quot; by guiding them in transitioning to PayTo, a New Payments Platform-based product that allows businesses to make real-time direct debit payments to customers. This will eventually accelerate CBA&#39;s delivery of PayTo for business consumers.</p>