Company

ABOUT US

Change is a US-based fintech company listed on Australian Securities Exchange (ASX: CCA).

Change has built an innovative payments and card issuing platform which is PCI DSS certified and Mastercard registered.

The Company delivers innovative and scalable payments solutions for exisiting and emerging markets.

Change is the first US Mastercard certified processor in the last 5 years and second in the last 20 years.

Change’s Platform was built to address the changing payments landscape and industry drivers.

Legacy Issues

  • Consolidation in the industry has led to legacy providers having antiquated technology and commoditised offerings.
  • Expensive, large and slow moving existing issuer processors.
  • Lack of flexibility with slow development and long implementation times reliant on third-parties.

Current Operating Landscape

  • Increasing regulatory and compliance requirements and complexity.
  • Rising risks to data privacy and incidents of card fraud.
  • Financial service providers face increased competition for new payment products.

Evolving Markets

  • Changing consumer spending patterns and behaviours.
  • Consumer preference for prepaid and debit cards.
  • Prepaid and debit cards are less profitable for issuers than credit cards.
  • Social media and digital disruption of consumer interactions.
  • Consumers demanding mobile payments and innovative new financial products.

Our Journey

2017

2017

Commenced build of payments and card issuing platform.

2018

2018

Consumer banking app reached +150,000 customers

Secured cornerstone investment from Altor Capital

2019

2019

Finalized development of payments and card issuing platform

  • PCI DSS certification
  • Registered with Mastercard

Onboarding of first customer begins

2020

2020

Product development roadmap

  • Original Credit Transaction (OCT) integration;
  • EMV functionality;
  • Contactless payments;
  • Instant issue cards;
  • Virtual cards on demand; and
  • ApplePay, SamsungPay and Android Pay

WANT TO PARTNER WITH CHANGE?