Change Financial Limited announced the launch of PaySim, its payments testing solution for banks and fintechs, as well as the beta release of PaySim's API which is on track for full release prior to the end of 2021. PaySim is helping banks and fintechs accelerate their development and product release cycles through automated payment testing solutions. In the last 12 months, Change has been investing in new products, features and development, culminating in the release of PaySim, its new brand for testing solutions. PaySim simulates the full transaction lifecycle across multiple systems, enabling banks and fintechs to complete end-to-end testing of their payment platforms and processes from a desktop. PaySim has been widely used during the pandemic to facilitate testing without the need for access to physical devices such as automatic teller machines (ATM) or point of sale (POS) terminals. Key features of PaySim: Payment Simulation; ATM and POS Terminal Device simulation; ISO20022 Simulation; EMV compliance; Stress Testing and Capacity Planning; Full end-to-end regression testing; Visa, Mastercard, UnionPay, Amex, JCB scheme validation; Simulation of hardware failures and all error conditions; eftpos Australia Certification. Change has begun the beta phase for its new PaySim API and is partnering with a Big Four Australian bank to complete the client testing phase. The PaySim API will help drive sales for existing and new clients globally, as well as supporting annual recurring revenue (ARR) growth. The API will enable clients to automate load, stress and regression testing to produce comprehensive results reporting and is the foundational component of PaySim's software as a service (SaaS) offering.