Self Service Payments

Putting the control in the hands of the workers.

Businesses today are often forced to act like invisible banks—collecting money from clients, holding it, and distributing it as required. This role comes with regulatory burdens, adding tasks and complexities that businesses never signed up for.

With the advent of direct payments, companies can focus on what truly matters—delivering their core services without being bogged down by the administrative demands of acting as a financial intermediary.

At BodyMindLife, we’ve implemented direct payments into their studio operations. When a student signs in for a class, funds are immediately transferred to the teacher’s digital wallet. After the class is completed, and with a 24-hour window for any adjustments, the final payment is calculated and added to the teacher’s wallet.

Through the Kula Pay for Studios App, teachers can easily access their studio wallet, where they can see a breakdown of all the classes they’ve been paid for, how much they’ve earned, and initiate withdrawals. Before withdrawing, the system ensures that all details—such as their ABN and superannuation information—are provided and validated. This not only allows teachers to withdraw their earnings but also automates superannuation contributions. An invoice is generated for them to download as needed, making the process seamless and compliant.

The key benefit for the studio is eliminating the need to spend 7 hours per week processing class data, ensuring teachers are paid, and managing their banking and superannuation details. With our direct payment system, the studio also no longer has to worry about the risk of sensitive data being compromised, allowing them to focus on what really matters—running the business and delivering exceptional experiences to their clients.

This system establishes what we call “trust in value transfer,” where payments are directly tied to an activity rather than being dependent on an individual. This opens up new possibilities for business models and real-time financial flows.

Imagine rent payments tied to the success of a business’s daily operations rather than fixed monthly amounts, enabling real-world asset tokenization supported by a trusted payment system. Or envision a scenario where every person involved in creating a video is paid instantly whenever the video is watched—eliminating reliance on middlemen and ensuring creators are compensated in real time.

This is the future of business: instant value transfers tied directly to activities, ensuring transparency, efficiency, and trust.