Coca-Cola Amatil Invest in Fintech Payments Platform Centrapay

Centrapay, a Fintech based payment platform has secured investment from Coca-Cola Amatil’s corporate venturing platform, Amatil X.

Coca-Cola Amatil’s corporate venturing platform, Amatil X invest in Centrapay
Source: Centrapay

Coca-Cola Amatil’s corporate venturing platform, Amatil X investment in Centrapay was part of the payment platform’s seed funding round. Although the amount invested was not disclosed.

Coca-Cola Amatil’s Head of Amatil X, Alix Rimington, says:

“Coca-Cola Amatil was working with Centrapay to give consumers the option to use their Sylo Smart Wallet to pay for items across Amatil’s vending network using cryptocurrency in New Zealand and Australia” .

He added:

“Amatil’s customers can use their Sylo Smart Wallet at any one of our 2000+ vending machines with a QR code payment sticker. These are located across New Zealand and Australia and will accept payments in cryptocurrency or other digital assets with a scan of your phone’s camera when Sylo Smart Wallet is installed,”

Why Centrapay seed funding?

Centrapay is holding its seed funding event in order to drive innovation in payments and value exchange. Users of Centrapay wallet will soon be able to send fiat or other supported payments as easily as sending a text message.

The investment will also aid Centrapay in expanding its focus to provide merchants with the ability to accept contactless fiat, Epay giftcards and vouchers without being charged a ‘per transaction fee’ using their existing EFTPOS terminal.

Centrapay CEO, Jerome Faury, says:

“The fact that Coca-Cola Amatil has invested in Centrapay through Amatil X, shows that there is a real appetite to provide customers with new ways to engage or to exchange value,”.