Unicorns Podcast: Say goodbye to card surcharges forever via payment app Pyng

The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, innovators, entrepreneurs and inspiring leaders who make things happen and inspire others.

Host Justin Kelly – former broadcast journalist and PR veteran – chats with leaders from across Australia and internationally on business strategy, what it takes to build a successful company, how to overcome challenges, and advice for those on a similar journey.

In this episode, Justin interviews Dipra Ray, founder and CEO of the surcharge-free payments app Pyng.

Australians pay over $4 billion in tap-and-go card surcharge fees yearly. The Reserve Bank of Australia (RBA) has announced a review of the practice and hopes to release a consultation paper on the additional cost of living burden by the end of the year. But Australians no longer have to wait for the possibility of regulatory bans on the surcharges thanks to Pyng.

“Australians are paying billions in unnecessary surcharges each year. At Pyng, we’ve built a solution that eliminates these costs for both consumers and businesses, making payments faster, safer, and surcharge-free,” said Dipra Ray, CEO and co-founder of Pyng.

The Pyng app enables surcharge-free tap-and-go and is being used across the country by a growing the number of merchants and consumers who trust its ease, reliability, and security. After downloading it from the AppStore or PlayStore, the Pyng app can be quickly and securely linked to the user’s bank account via their banking app or platform.

To make a payment with Pyng, consumers scan a QR code on their camera or from the Pyng app, then enter in how much they want to transfer to the merchant. Consumers can choose a limit on how much Pyng can debit from their account at any time. A major benefit for businesses is that they are paid in seconds, not up to two days later as still often happens.

This podcast was developed in collaboration with Pyng, a Stockhead advertiser at the time of publishing.

The interviews and discussions in this podcast are opinions only and not financial or investment advice. Listeners should obtain independent advice based on their own circumstances before making any financial decisions.