Propell Holdings Limited announced it has delivered the next major advancement to its Platform. Propell has built a leading, digital, cloud-based, platform offering tailored finance products to help small to medium businesses manage and optimise their cash flow, with products including business insights, payments and lending. Major Upgrade to Payments Capability: Products, Methods and Security: The new payments capabilities of the Platform includes an expanded range of omnichannel payment products (now encompassing online and offline customer payments) as well as additional payment methods which can be accepted. The security and fraud prevention capability has also been upgraded. The expanded payments product suite which SMEs can use to build their own custom payments mix includes: Online/E-commerce/QR payments - Propell's SME customers can accept online payments in a variety of easy to implement ways online either via: a pre-built checkout page to accept online/ecommerce payments; payment links which can be shared as links or via QR to customers. In person payments - SMEs can tailor their in-person payments to match the needs of each individual business with either: Mobile payments - Handheld mobile payments device - which enables a roaming cashier experience where customers can pay anywhere. This can connect to iOS or Android applications; or In-store payments - Countertop smart reader - ideal for either countertop or roaming in-store checkout. Subscriptions and recurring payments - Allows SMEs to set up subscriptions with billing cycles or simply recurring payments. Invoicing - Immediately allowing SMEs to: Send invoices to customers directly from their mobile app or dashboard; Be paid seamlessly via payment link. Propell has also greatly extended the payment methods available to customers of SMEs. This update also brings with it the addition of leading BNPL provider Afterpay to complement Propell's partnership with Zip. Terminals: Propell is launching terminals to enable SMEs to accept payment in-person in any type of environment, with Mobile Payments and Countertop devices. Mobile Payments: Bringing mobility to card payments is critical for a large number of Propell's current and target customer base. Propell's mobile solution extends their mobile app with a Bluetooth connected payment device, meaning SMEs can accept on-the- spot payments with instant acceptance. Key features: Small and light for payments in the field, battery life for days; Simple to use, take payments in seconds; Directly connected to Propell platform app for full platform feature set; Low upfront cost, transparent transaction pricing, no monthly account fees. Counter-top Smart Terminal: For SMEs that operate from a fixed location, Propell has developed proprietary software to run on this Android counter-top smart-terminal, with extended capability including QR-based payments and loyalty programs directly on the 5" touch screen. Key features: Advanced payment device for the modern merchant; High-volume transactional capability; Future-proof solution for new payment types. Enhanced omnichannel experience for SMEs: This significant expansion to Propell's payments capability crucially allows SMEs to unify their online and offline payments with one single platform, which they can access instantly via Propell's streamlined onboarding process. It will also enable them to feel confident with world class payments security and fraud protection, in addition to having access to the deep insights from their payments data. Propell will now be able to service the payments needs of the vast majority of SMEs in Australia. Massively Expanded Target Market and Reach: This payment capability expansion is a key component to the planned evolution of the Propell Platform offering. By offering more payment products (online, in-store, invoicing) and more payment methods (additional wallets, cards and Buy-Now Pay-Later), Propell is able to cater for a wider group of SMEs, and also cater to more of their individual needs through greater product reach. This translates into an expanded addressable market, a greater potential to penetrate this market and increased payment volumes and revenues per customer. This development also brings important growth in available payments data and platform insights.