Latpay

What Latpay does

Latpay (legal entity: Lateral Payment Solutions Pty Limited / Lateral Payment Solutions Limited) is a privately held payment service provider founded in 2001 and headquartered in Southport, Australia, with a regional office in London, UK. The company operates a multi-currency, omni-channel payment gateway serving merchants across Australia, the United Kingdom, and Canada, with an employee base of 11–50. Its product portfolio centers on a proprietary Payment Hub platform with merchant facility onboarding, supplemented by add-on modules including Hosted Payment Page, Virtual Terminal, Recurring Payments, mPOS, All-In-One Terminal, Unattended Payments, Tokenisation (Token Vault), a Fraud Management Engine, and a Smart Bank Switch for optimized transaction acceptance routing. Latpay also supports 90+ alternative payment methods and integrates natively with major open-source shopping carts (Magento, WooCommerce, OpenCart, osCommerce, VirtueMart) and accounting platforms (Xero, MYOB).

The company targets merchants in the gaming, retail, and clubs/associations verticals, with stated strength in handling high-fraud-risk and international transactions — a heritage from its original founding focus. Its go-to-market combines direct online application sales (supported by phone sales teams in AU and UK), a referral partner program paying 20% commission, and integrations across shopping cart ecosystems. Latpay holds multiple regulatory approvals that constitute significant barriers to entry: Level 1 PCI DSS certification, Australian Financial Services Licence (No. 521901), Financial Conduct Authority registration in the UK (reference 912498), and BACS accreditation. Global Payments Australia 1 Pty Ltd serves as its acquiring bank partner in Australia, where Latpay operates as a Payment Facilitator.

Latpay generates revenue primarily through transaction-based fees on payment processing (including service charges, transaction charges, rolling reserves, chargebacks, refunds, and card scheme fees) supplemented by merchant facility fees for terminals, virtual terminals, hosted payment pages, and recurring payment solutions. Pricing is quote-based and tailored to merchant profile, volume, and risk profile, with billing on a pay-as-you-go basis. The company is independently and privately owned with no disclosed institutional investors, funding rounds, or acquisition activity, and has operated continuously for over 23 years with reported uptime of 99.99%+.

Name

Latpay

Legal name

Lateral Payment Solutions Pty Limited

Website

https://latpay.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Latpay is a privately held, PCI Level 1-certified payment service provider founded in 2001, operating a multi-currency payment gateway with tokenisation and fraud management for gaming, retail, and clubs/associations merchants across Australia, the UK, and Canada.

Ownership category

akta.pro rank

Headquarters

HQ city

Oxenford

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Payment Processing Services: Transaction-based fees charged to merchants for processing card payments through the Latpay gateway. Charges include service charges, transaction charges, reserves, chargebacks, refunds, and fees from card schemes and acquiring banks.
2. Merchant Facility Services: Fees for providing merchant facilities including terminal services, virtual terminals, hosted payment pages, and recurring payment solutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Latpay operates a multi-currency, omni-channel Payment Gateway backed by Merchant Facilities that processes card payments in real time across online, in-store, and mobile channels. The platform integrates PCI Level 1 compliant tokenisation, fraud and chargeback management, and smart bank routing to help merchants accept payments globally. It is complemented by modules for recurring billing, hosted payment pages, virtual terminals, mPOS, direct debits, and alternative payment methods.

Product overview

Latpay is a payment and merchant service provider offering a comprehensive, unified payment platform. The core offering consists of a multi-currency Payment Gateway with Merchant Facilities that serves as the central processing hub, supplemented by multiple add-on modules including Recurring Payments, Hosted Payment Page, Virtual Terminal, Mobile Payment Solutions, mPOS, Tokenisation (Token Vault), Fraud Management Engine, Smart Bank Switch, Alternative Payments (90+ methods), Direct Debit Facilities, and Unattended Payments. The platform also includes specialized solutions for B2B Systems, Bespoke Solutions, Omni Channel commerce, and industry-specific offerings for Clubs & Associations. The ecosystem is completed by shopping cart integrations (Magento, WooCommerce, OpenCart, osCommerce, VirtueMart) and accounting integrations (Xero, MyOB).

Differentiator

Problem solved

Functional benefit

Products and services

• Merchant Facilities

Quantifiable outcome

• Average 99.99%+ up-time over 17 years of operation
• +1 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Global Payments Australia 1 Pty LtdcoreTechnology or IntegrationAcquiring bank partner for processing Visa and MasterCard transactions in Australia. Latpay operates as a Payment Facilitator with Global Payments providing the acquiring and settlement services. Merchants exceeding transaction volume thresholds must enter a Tri-Party Agreement with Latpay and Global Payments.
• VisacoreTechnology or IntegrationCard scheme partner enabling acceptance of Visa credit and debit cards through the Latpay payment gateway. Latpay is certified as a payment service provider supporting Visa transactions.
• MasterCardcoreTechnology or IntegrationCard scheme partner enabling acceptance of MasterCard credit and debit cards through the Latpay payment gateway. Latpay is certified as a payment service provider supporting MasterCard transactions.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Windcave: New Zealand/Australia-headquartered integrated payment processor offering online, in-store, and unattended payments — comparable to Latpay's omnichannel positioning across ANZ and similar product breadth including terminals and recurring billing.
• Nuvei: Global payment processor specializing in high-risk verticals including gaming, gambling, and omnichannel retail — closely matches Latpay's primary vertical focus on gaming and its multi-currency, multi-method gateway capabilities.
• eWAY: Australia-headquartered payment gateway and merchant service provider serving SMBs and mid-market with online card processing and hosted payment pages — directly comparable to Latpay in geography, product scope, and target merchants.
• Checkout.com: Global payment gateway and processor focused on digital commerce and enterprise merchants — overlaps with Latpay's multi-currency, omnichannel, and high-risk gateway capabilities.
• Fat Zebra: Australian payment gateway and processor providing online card processing and gateway services to merchants — overlaps with Latpay's AU market, hosted payment page offering, and SMB/mid-market positioning.
• Pin Payments: Australian payment gateway serving SMB and mid-market merchants with card processing and hosted pages — directly comparable to Latpay on home market, customer profile, and product set.
• SecurePay: Australian payment gateway owned by Australia Post, offering online card processing and recurring billing — comparable to Latpay in AU geography, payment method coverage, and recurring subscription products.

Broad incumbents

• Stripe: Global, developer-first payment gateway and processing platform — competes with Latpay across virtually every merchant segment and geography, setting the developer-experience and pricing benchmark that Latpay must measure against.
• Worldpay (FIS): Global incumbent merchant acquirer and payment processor with broad product portfolio — comparable in offering breadth (gateway, processing, fraud, tokenisation) but operates at vastly larger scale and geographic reach.
• Adyen: Global unified payments platform serving enterprise merchants with omnichannel acquiring — directly comparable to Latpay's enterprise-aimed Payment Hub and Smart Bank Switch, but at much larger scale and global breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/lateralpayments
• Facebookfacebook.com/latpay1
• LinkedInlinkedin.com/company/lateralpayments

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latpay