Analyzing the Discontinuation of POLi in Australia
As a digital wallet, POLi empowered users to safely handle payments directly from their bank accounts, bypassing credit card and bank transfer needs. Originating as Centricom, POLi is headquartered in Melbourne.
In December 2014, POLi was acquired by SecurePay Holdings, a branch of Australia Post. This move facilitated its seamless integration with leading Australian banks, making it a staple for online purchases and other digital transactions.
In September 2023, the announcement was made that Australia Post would be ceasing POLi's Australian operations. This, compounded by the withdrawal of support from the three major Australian banks, rendered POLi unusable for transactions at Australian online casinos.
POLi’s Key Features
Here’s what made POLi stand out as a favored casino payment method:
- Secure and Hassle-Free: Users could enhance their online casino fun, making transactions without divulging banking or card data.
- Seamless Bank Integration: Easily tapping into transactions thanks to tie-ins with Australian banks.
- Rapid Transactions: Enjoy the perk of instant, hassle-free deposits, all without needing to set up an account.
Security of POLi Payments
Leveraging its alignment with Australian banking standards, POLi ensured stringent security compliance and data protection measures, equivalent to that of a debit card. This meant encrypted data safeguarding was a standard protocol.