Australia Post has taken the decision to cease operations of its POLi payments service in Australia.
POLi has been in business for over 17 years, “and during this time has been a leading Account-to-Account payments solution, providing a fast and cost-efficient way for customers to pay and merchants to receive funds,” Post boasted in an announcement on Friday.
As of 30 September 2023, POLi will no longer operate in Australia.
The New Zealand operations of POLi will continue to be supported via the local distributor Merco, meaning merchant processing, console access and POLi payment services in New Zealand will remain available.
Post had been looking for a buyer.