KlickEx: Difference between revisions

| name         = KlickEx

| logo         =

| type         = [[Private company|Private]]

| founded      = {{start date and age|2008}}

| hq_location  = New Zealand

| area_served   = [[Pacific Islands]], [[Europe]]

| key_people   = Robert Bell ([[Organizational founder|Founder]])

| industry     = [[Trade and development]]

| products     = [[Private electronic market]]<br />[[Settlement (finance)]]<br />[[Payment system]]<br />[[Foreign exchange market|Foreign Exchange]]

| num_employees =  

| parent       = [[Nomupay]]

| subsidiaries  =  

| website       = {{url|klickex.com}}

| footnotes     =

The company provides exchange [[Clearing (finance)|clearing]] service platforms to central bank, commercial bank, nonbank, and non-financial clients in the [[Pacific Islands]], also providing a guaranteed fund, net settlement, retail servicing to mobile money operations across the region,<ref>{{Cite web|date=2017-10-27|title=Financial inclusion & Mobile Money in the Pacific|url=https://klickex.org/financial-inclusion-mobile-money-in-the-pacific/|access-date=2021-11-14|website=KlickEx|language=en-US|archive-date=2022-05-25|archive-url=https://web.archive.org/web/20220525140619/https://klickex.org/financial-inclusion-mobile-money-in-the-pacific/|url-status=dead}}</ref> avoiding the usual foreign transfer delays, fees and [[Bid–offer spread|spreads]] by matching up individuals (and institutions) or central-bank-settling payments to and from the islands.

Payments can be made between the Pacific Islands and Australia, New Zealand, and Europe.<ref>{{cite web |url=http://www.klickex.org/ |title=Home |website=klickex.org}}</ref> The system also allows users to transfer directly to [[Mobile payment|mobile wallets]],<ref>{{cite news|last=Fletcher|first=Hamish|title=Tech firm scores Pacific money transfer deal|url=http://www.nzherald.co.nz/connect/news/article.cfm?c_id=1501833&objectid=10757041|accessdate=31 August 2013|newspaper=[[The New Zealand Herald]]|date=7 October 2011}}</ref> and Bank accounts.

KlickEx is both a systems provider, and a licensed and prudentially supervised payment systems, for [[Electronic funds transfer|international bank transfers]] and payments for older [[remittance]] networks where the minimum transfer fees would often make it uneconomical to send low value payments that are typical for [[migrant worker]]s and relatives of the island communities.

The company name is derived from the title: ''The Klick Exchange Trading Company''.  The company was resident of the [[ICEHOUSE (incubator)|ICE-house incubator]] innovation centre in Auckland and was founded by Robert Bell.<ref>{{cite news |url=https://www.stuff.co.nz/business/128845649/what-happened-when-27m-arrived-in-a-backpack |title=What happened when $2.7m arrived in a backpack |date=June 3, 2022 |publisher=Stuff.co.nz |last=Fonseka |first=Dileepa}}</ref>

Through a regional partnership with the [[United Nations Development Program]], and the Australian and New Zealand Governments in 2011; KlickEx continued to build services and by providing the platform for Mobile Carriers ([[Mobile network operator|MNO]]) to integrate mobile wallet platforms into the established banking system; thereby accelerating the penetration of financial services to the [[unbanked]] in the [[Pacific]], particularly focusing on Rural communities, and [[financial inclusion]] for women in developing economies.<ref>{{cite web |url=http://www.pfip.org/media-centre/press-releases/digicel-klickex-launch-web-to-mobile-wallet-remittance-transfer.html |title=Archived copy |accessdate=2011-10-31 |url-status=dead|archiveurl=https://web.archive.org/web/20120502190010/http://www.pfip.org/media-centre/press-releases/digicel-klickex-launch-web-to-mobile-wallet-remittance-transfer.html |archivedate=2012-05-02 }}</ref>

In 2012, the company was a finalist for several New Zealand Hi-Tech Awards, in several categories including [[Ministry of Science and Innovation (New Zealand)|Ministry of Science and Innovation]] Start-up of the Year, Best New Software, Best New Service (2012).<ref>{{cite web

  | accessdate =1 April 2012

}}</ref>

The company has three core divisions: A retail operation, providing payment services in the South Pacific, an Institutional operation, connecting smaller banks to regional and world-wide clearing networks, and [[NGO]]/Development operations, providing regulators and government agencies with statistical and compliance solutions.{{buzzword inline|date=October 2019}}

KlickEx operates a [[straight-through processing]] settlement system that enables individuals and partnership banks to gain access to cross-border foreign currency clearing facilities and rapid settlement between accounts, delivering cleared funds across currencies in seconds. The system micro-manages standing orders for foreign exchange as little as NZ$1.00.  With retail clients in New Zealand, Australia, Tonga and Samoa having immediate access following a short approval and [[Anti–money laundering]] process.

* [[SWIFT]] Innotribe, Top Start-up of 2013.<ref>{{Cite web|url=http://www.swift.com/about_swift/shownews?param_dcr=news.data/en/swift_com/2013/PR_sibos_Innotribe.xml|title=SWIFT news}}</ref>

* KlickEx staff have also received various notations; including (1) NZ Hi-Tech Young Achiever of 2012;<ref>{{Cite web|url=http://www.stuff.co.nz/dominion-post/business/6909758/Compac-big-winner-in-hi-tech-awards|title = Compac big winner in hi-tech awards|date = 11 May 2012}}</ref> (2) Geeks on a Plane 2013, venture pitch competition;<ref>{{cite web |url=http://newzealandinc.com/geeks-on-a-plane-klickex/ |title=Geeks on a Plane – Company Profile: KlickEx - Winner – BNZ: Breaking the Rules |year=2012 |publisher=NZ INC}}</ref> (3) NZ Hi-Tech Young Achiever of 2013;<ref>{{cite web |url=http://www.futureintech.org.nz/enews/news/news.cfm?ID=7 |title=Futureintech: Careers in Technology, Engineering and Science |accessdate=2014-06-25 |url-status=dead|archiveurl=https://archive.today/20140625224432/http://www.futureintech.org.nz/enews/news/news.cfm?ID=7 |archivedate=2014-06-25 }}</ref> (4) Top Executives Shaping the Future of Banking, 2013 (Robert Bell).<ref>{{Cite web|url=http://www.bankinnovation.net/2013/06/2013-innovators-to-watch-41-to-44/|title=2013 Innovators to Watch: 41 to 44|date=13 June 2013|access-date=25 June 2014|archive-date=7 July 2016|archive-url=https://web.archive.org/web/20160707223027/http://bankinnovation.net/2013/06/2013-innovators-to-watch-41-to-44/|url-status=dead}}</ref> (5) Top Executives Shaping the Future of Banking 2014 <ref>{{Cite web|url=http://bankinnovation.net/2014/07/innovators-to-watch-23-to-30/|title=2014 Innovators to Watch: 23 to 30|date=July 2014|access-date=2016-03-11|archive-date=2016-03-11|archive-url=https://web.archive.org/web/20160311123720/http://bankinnovation.net/2014/07/innovators-to-watch-23-to-30/|url-status=dead}}</ref> (5) Most Inspiring New Zealanders 2014 <ref>{{cite web |url=http://www.innovators.org.nz/winners-a-finalists/finalists-2014 |title=New Zealand Innovators Awards 2014 Finalists |publisher=New Zealand Innovation council |archive-url=https://web.archive.org/web/20150113024228/http://innovators.org.nz/index.php/winners-a-finalists/finalists-2014 |archive-date=January 13, 2015 |year=2014}}</ref>