Australia's newest and most disruptive payment platform has officially launched, with QwikPay promising to eliminate the friction, fees and outdated infrastructure that have long held back innovation in the way Australian consumers pay and businesses get paid.
Founded by fintech entrepreneur Nik Bavisetti, QwikPay is a mobile-first, cardless, fee-free platform designed to completely transform the Australian payments landscape. Built on PayTo and PayID, Australia's next-generation payment rails, QwikPay eliminates the need for physical terminals, removes all per-transaction fees and enables instant QR code payments using just a smartphone.
"QwikPay exists because the current system is broken," QwikPay founder and CEO, Nik Bavisetti said.
"Traditional payment platforms are designed to benefit big banks and card companies, not the businesses and people who actually use them. Every time a customer taps a card, a cut is taken. That money doesn't go to the local café or the hairdresser or the tradesperson, it goes to the institutions running the network.
"These large financial institutions have everyone under their thumb, taking money at every opportunity.
"QwikPay shifts the power. It gives businesses control over their payment costs and removes those costs altogether for consumers."
QwikPay represents a fundamental shift in how transactions are made in Australia; faster, cheaper and completely transparent. The platform is now live, fully operational and actively onboarding merchants and users around the country.
A national movement to remove financial friction
For decades, Australia's payments ecosystem has been dominated by card networks and intermediaries that take a fee from every transaction. Small businesses have been forced to either absorb these costs or pass them on to customers.
QwikPay breaks that cycle for businesses with a simple, flat monthly subscription starting at just $39.99 and no per-transaction fees.
There is no hardware required, no terminals and no contracts. Merchants can accept unlimited payments through their mobile device and receive real-time confirmation with every sale.
Consumers simply scan a QR code to pay, securely, instantly and without any surcharges.
"QwikPay gives power back to businesses and removes the invisible tax that Australians have been paying every time they buy a coffee, get a haircut or pay a tradie," Bavisetti said.
"This isn't just a better experience, it's a better system that puts money back into the pockets of businesses giving them access to their funds instantly. They can withdraw any time. No hidden costs or fees."
Built for Australians. Inspired by the world's best
Globally, QR code and instant-payment technologies have revolutionised economies, from UPI in India to Pix in Brazil and PayNow in Singapore. These platforms have proven that removing barriers at the point of sale drives financial inclusion, increases efficiency and boosts local economic activity.
QwikPay brings that same thinking to Australia. For the first time, businesses and consumers will have access to a national payment system that is mobile-first, cardless and entirely free from the outdated and costly card-based infrastructure.
"Digital wallets and QR payments are no longer futuristic, they are the global standard," Bavisetti said.
"With QwikPay, Australia now has a system that finally puts people ahead of institutions and makes payments work for everyone."
Why this matters for the country
QwikPay is more than a fintech solution, it is a new national utility for moving money. It empowers small businesses to grow without losing margins to processing fees and it gives consumers a simple, cost-free way to pay. It creates transparency at the point of sale and restores fairness in how money moves across the economy.
With Australians increasingly relying on mobile devices for everyday interactions, QwikPay meets the moment. It strips away the need for cards, hardware and confusion, offering a seamless, secure and human-centred solution.
"This platform has the potential to shift billions of dollars back into the hands of business owners and everyday people," Bavisetti said.
"It removes the complexity, the cost and the control held by banks and card providers and replaces it with something more powerful; choice."
QwikPay is now live and available across Australia.
Merchants and consumers can sign up now at www.qwikpay.com.au