Waave aims to reinvent the world of payments and is the first both B2B and B2C payment platform use case of Open Banking in Australia. Its flagship product Pay by Bank is a seamless and secure alternative payment method to traditional cards, allowing customers to pay instantly, directly and securely via their bank. For merchants, Waave is up to 80 per cent cheaper than card payments, while providing instant authorisation, faster funds settlement and no dishonour charges or chargebacks. Waave Pay by Bank is the new direct debit for the 21st Century, using the latest technology to dramatically improve the payment experience for consumers, while significantly reducing costs for businesses.