Most Aussies Are Missing Out on Free Money

Every time you tap your card at checkout, there’s a chance you’re losing money, not because of how much you spend, but how you pay.

Across Australia, billions of dollars in loyalty points, cashback offers, and credit card rewards go unclaimed every year. But the real issue? It’s not laziness—it’s complexity.

We’ve created Paymate Wallet to solve that.

The Real Problem: Loyalty Overload

Let’s look at the data:

• Australians belong to 13+ loyalty programs on average, but most engage with fewer than half.

• 70% of rewards cardholders have unused cashback, points, or miles.

• $48 trillion worth of loyalty points went unspent globally so far in history.

With so many programs, platforms, expiry rules, and redemption systems, most people give up trying to optimise it all. As a result, valuable rewards simply get lost.

How Aussies Are Managing Rewards Today (And Why It’s Failing)

In the absence of a unified solution, most Australians resort to manual tactics to manage their rewards:

• Stashing plastic loyalty cards in their wallets, car dashboards, or drawers at home

• Using separate apps for each store or program—Woolworths, Coles, Qantas, Flybuys, Amex, etc.

• Setting reminders to use points before expiry (often missed)

• Keeping Excel sheets or notes apps to track deals, bonus offers, and program balances

Sound familiar?

These scattered workarounds not only waste time but often backfire. You might find yourself:

• Using the wrong credit card at checkout

• Missing out on cashback because it wasn’t activated

• Redeeming points for poor-value rewards because better options were buried

The outcome? Missed savings, decision fatigue, and frustration.

Research shows that 15% of cardholders have had points expire simply because they forgot about them. That’s free money, gone.

Paymate Wallet is being designed to eliminate all this hassle. Instead of relying on memory or multiple apps, it will bring every rewards opportunity into one interface, helping Australians spend smarter with zero effort.

The Rise of Smarter Spending

Consumers want to be more intentional with their money—but they’re overwhelmed. That’s why demand for a smart spending app is growing rapidly.

What users are asking for:

• Clarity: Which card or program gives the best return for a specific purchase?

• Automation: A system that handles rewards stacking without manual effort.

• Personalisation: Deals and recommendations tailored to their location and interests.

That’s where the idea behind Paymate was born: an AI-powered wallet that consolidates all your loyalty programs, credit cards, and cashback tools into one simple, intelligent experience.

Introducing Paymate Wallet

While still in development, our prototype shows how the Paymate Wallet will:

• Scan and sync loyalty memberships from your inbox.

• Show dollar-value comparisons across reward programs.

• Highlight the best ways to spend—whether that’s using your Amex for 3x points, or stacking other programs with a cashback offer.

• Offer a real-time QR code to activate rewards at checkout.

This is more than a wallet, it’s your personal rewards optimiser.

Our mission is simple: Help Aussies make smarter choices and get the most from every dollar they spend.

Why It Matters (Especially Now)

📊 95% of Australians are in at least one loyalty program

📈 Loyalty program membership in Australia is growing at 18% YoY

🔍 58% of brands are prioritising personalisation to retain customers

💡 Almost two-thirds of digitally active Aussies use fintech apps

Yet… most consumers are still missing out.

It’s not a tech gap, it’s a design gap. Programs aren’t built for how people shop.

That’s the gap Paymate Wallet aims to fill.

What’s Next?

We’re still in prototype mode, but we’re not building in the dark.

Our roadmap is grounded in:

• Market research

• Behavioural insights

• Community feedback

If you’re someone who’s juggling loyalty programs, wants to maximise cashback, or simply wants to be smarter about how you spend, we’re building this for you.

✅ Join our waitlist✅ Help shape the product✅ Be the first to experience the next generation of rewards optimisation

Join our waitlist

Paymate Wallet — Simplified Payments. Maximised Rewards.

FAQs

Q: Is Paymate Wallet live?

Not yet. We’re in the prototype phase and gathering early support and feedback before launching the full version.

Q: Can I use the app now?

Not just yet! But you can join the waitlist to be among the first to test it when we launch our beta.

Q: What makes Paymate different?

Unlike standard cashback or loyalty apps, Paymate Wallet plans to optimise across multiple programs, showing the true dollar value for every reward in real time.

Q: Is this only for Australia?

Yes, for now. Paymate Australia is focused on the needs of Australian shoppers and reward programs. But we will be going International after Australia launch.