FEATURED

Fintech

Dec 17, 2025

BECS 2030 closure abandoned as industry develops roadmap

After a lot of noise in the market and a damning risk assessment from the RBA, the industry has finally ditched the 2030 BECS closure date. No new date will be nominated until the industry can demonstrate it has overcome a number of hurdles such as reach, resilience, cost and a shared vision for A2A.

Digital & Online

Dec 17, 2025

Threats to payments system front and centre at summit

The resilience of the nation’s payments system has been flagged by the RBA Payments Board as the nation’s cyber security coordinator weighed in at the AusPayNet Summit.

THE LATEST

Digital & Online

Dec 17, 2025

Airlines lead Christmas loyalty frenzy as DJs backpedals on window displays

Fintech

Dec 17, 2025

Airwallex takes on Square, PayPal, Stripe and Adyen with global omnichannel POS play

Dec 17, 2025

The winners - 2025 PayDay News Awards

The Interchange Bench

Dec 17, 2025

PEXA takes on NSW, the RBA opens the kimono and Kelly gets a Christmas gong

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NPP volume up 14%

The New Payments Platform (NPP) processed almost 2 billion transactions in the past 12 months – a 14% lift Year on Year as more use cases emerge.

Cash

+12

Dec 17, 2025

Massive year in payments but 2026 looms even larger

There will be little rest for the payments industry this summer, as businesses, regulators and lawmakers get ready for a raft of big changes in the New Year. In the final edition of PayDay News for 2025, we look at the big changes this year, and what to expect in 2026.

Cash

Dec 17, 2025

Chalmers mandates cash at servos and supermarkets but safety wins the nights

Service stations and supermarkets will be required to accept cash from 1 January 2026 - but the night shift will be left cashless due to safety concerns.

Fintech

Dec 17, 2025

Tyro buys Thriday for SME edge

Tyro is acquiring Melbourne-based fintech Thriday, an AI-powered financial management platform that automates invoicing, expense management, accounting and banking workflows.

Fintech

Dec 17, 2025

Mint Payments partners with Zip Co to add flexible payment options for travel merchants

Mint Payments and Zip Co have partnered to introduce flexible payment options for travel bookings across Mint’s merchant network.

Banks

Dec 17, 2025

Aussies urged to claim $820 million in uncashed cheques, as Feds phase them out

The Federal Government will fund key agencies to quickly phase out cheques in Government, while the industry is urging consumers to cash in their cheques before the September 2029 deadline.

Fintech

Dec 17, 2025

Blockley hangs up his payments consulting hat

After 37 years of consulting for some of the nation’s biggest banks and global card schemes, the big end of town’s gun for hire Lance Blockley is hanging up his hat at The Initiatives Group (TIG) and passing on the mantle.

Fintech

Dec 17, 2025

Christmas shoppers fund climate and biodiversity projects and deliveries boom

Australian fintech Sphere for Good and New Zealand’s HealthPost’s partnership has seen Flora & Fauna online shoppers make 11,000 contributions towards climate and biodiversity projects when ordering parcel deliveries in the lead up to Christmas.

Banks

Dec 10, 2025

ASL to start 2026 with a new name and tagline – “Australia’s payments bank”

ASL will start 2026 with a new name – Banking Circle – as it moves to compete with a bolstered Cuscal fresh from its Indue acquisition.

Digital & Online

Dec 10, 2025

As the rollout deadline approaches, Confirmation of Payee may need to race on off-system BSBs and allocated EFT

The rollout of Confirmation of Payee is due for completion by year end, already reaching 141 million Australian bank accounts across 116 organisations. But like all payments upgrades there may be some work still to do at the edges, including off-system BSB and allocated EFT transactions.

Digital & Online

Dec 10, 2025

Australia’s first real-time super payment from inside payroll

Employment Hero has processed its first Payday Super payment over the NPP via HeroClear, a super-clearing and validation solution built with payments provider Zepto and SuperStream messaging provider OZEDI.

The Interchange Bench

Dec 10, 2025

BECS future to drop on Tuesday, Matos takes on ABA Chair, BC aims for Fintechs and was ANZ too soon on Airwallex?

On The Interchange Bench this week, BECS announcement to drop on Tuesday, busy Nuno Matos takes on the Chair role at ABA, ASL changes its name, Laz moves to BB and did ANZ pull out of AirWallex too soon?

Regulation

Dec 10, 2025

CBA pays $792k for CDR breaches

The Commonwealth Bank of Australia (CBA) has paid penalties totalling $792,000 after the ACCC issued it with four infringement notices for alleged breaches of the Consumer Data Right (CDR) Rules.

Merchant Service Fees

Dec 10, 2025

Chargeback fees surge as AI reshapes online payments and merchants bear the cost

Bank disputes processes are giving way to automated, opaque and more expensive fintech systems, costing merchants big dollars in fees as online sales boom.

Digital & Online

Dec 10, 2025

Checkout.com adopts OpenAI backed ACP for merchants

Global digital payments company, Checkout.com announced it will support Agentic Commerce Protocol (ACP), as research suggests Australians are highly open to AI-assisted shopping.

Government

Dec 10, 2025

Ciggies cheaper than ‘90s, as payments industry dawdles and ABS commits to collect data

Despite promises from the payments industry to crack down on illicit tobacco sellers, punters can still use their cards to purchase a packet of illegal cigarettes, cheaper today than they were more than a quarter of century ago when Paul Keating was PM and Nirvana’s Smells Like Teen Spirit topped Australia’s Hot 100.

Digital & Online

Dec 10, 2025

Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high

Credit card companies Visa and Mastercard will join digital wallet providers Apple Pay and Google Pay to front a new parliamentary inquiry in 2026, as Australia’s revolving credit card debt and online spending soars to new highs.

Cash

Dec 10, 2025

Device-not-present transactions account for 85% of card payment growth

The dominance of device-not-present payments continues to reshape the Australian payments landscape. The latest RBA data shows that of the $107.4 billion increase in annual card spend over the past year, $90.8 billion, 84.6% of total growth, has come from online shopping, bill payments and subscriptions.

Cards

Dec 10, 2025

Littlepay taps Wellington, showing Australia how a city's contactless transit can be done

In stark contrast to Australian transit payment project overruns and delays, Melbourne transit payments outfit Littlepay will deliver a contactless transit system for Wellington, New Zealand, for NZ$5.5 million in just six months.

Dec 10, 2025

Mobile wallets grow 24% annually as Australians abandon physical cards

The RBA's payments data has reached a critical milestone: 13 months of mobile wallet statistics. For the first time, we can compare year-on-year growth, and the results confirm a fundamental shift in how Australians pay.

Fintech

Dec 10, 2025

Payments innovation lacks priority, survey

Less than half of C-suite executives from payments organisations from around the world see innovation as a priority, according to a new ACI Worldwide report.

Merchant Service Fees

Dec 3, 2025

Banks fail to delay card review but could win on interchange

The Reserve Bank of Australia will not bow to pressure to delay its inquiry into surcharge and card fees, but instead appears to be preparing to deliver the banks a win on interchange.

Digital & Online

Dec 3, 2025

Cohen bulks up PEXA team ahead of possible ACCC probe

New PEXA CEO Russell Cohen has bulked up his executive team and cleaned house as he prepares for more government and regulatory scrutiny.

Fintech

Dec 3, 2025

Coinbase Australia picks new ex-CommSec exec as COO

Cryptocurrency exchange company, Coinbase Australia, has appointed former CommSec Executive Manager Adam Judd as Chief Operating Officer ahead of big changes to the regulatory landscape.

Fintech

Dec 3, 2025

Emma Burke to steer Tyro through critical Christmas peak

When Jon Davey leaves Tyro’s head office for the last time on Friday, the company’s CFO Emma Burke will temporarily take charge of one of the nation’s biggest acquirers for a critical five-week period – the annual peak payments period over Christmas and the Boxing Day sales.

Banks

Dec 3, 2025

NAB completes Citibank migration, becomes nation’s super Issuer

NAB just became Australia’s biggest card issuer with the completion of the Citibank migration, and now it wants relief on the Reserve Bank’s proposed interchange cuts.

Regulation

Dec 3, 2025

RBA quietly launches major rebuild of its A2A payments infrastructure

It’s clear the RBA knows exactly what it wants in a new A2A Payments Hub build. It has ruled out consortia or any alternative network designs, possibly leaving only a few players who can fit the bill.

Regulation

Dec 3, 2025

Retailers call on banks to act on Illicit tobacco as revenues take a hit

Retailers have called on the payments industry to speed up disconnections of illegal tobacco stores, as their revenues take a significant hit.

Fintech

Dec 3, 2025

Staff get 12 month reprieve as Cuscal completes Indue deal

Cuscal has completed its acquisition of Indue on schedule, and while staff get a 12 month reprieve on job cuts as we head into the holidays, Indue executives might not be so lucky.

Digital & Online

Dec 3, 2025

Westpac launches universal feature to cancel subscription payments

Westpac and Mastercard have collaborated to develop a new “first of its kind in Australian banking” feature, enabling Westpac customers to be able to view and cancel subscription payments directly through the Westpac app.

The Interchange Bench

Dec 3, 2025

Yak in the sights, Revolut chases credit and Cuscal banks on acquiring

On the Interchange Bench this week, Cuscal banks on acquiring, Revolut plans Australian credit rollout and the Yak Pay brand fades for a friend.

Regulation

Nov 26, 2025

ANZ joins tobacco fight as AUSTRAC presses remitters on child exploitation payments

ANZ, like its peers and PSPs, has not revealed how many illicit tobacco merchants have been cut off, as AUSTRAC orders an audit of WorldRemit for child exploitation payments and targets others.

Digital & Online

Nov 26, 2025

ATO urges employers to move early on payday super or risk compliance nightmare

Employers have been warned to move early on payday super, with the ATO expecting 25 times the number of rejected contribution payments and payroll platforms pre-empting cash flow management issues.

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FEATURED

BECS 2030 closure abandoned as industry develops roadmap

Threats to payments system front and centre at summit

THE LATEST

Airlines lead Christmas loyalty frenzy as DJs backpedals on window displays

Airwallex takes on Square, PayPal, Stripe and Adyen with global omnichannel POS play

The winners - 2025 PayDay News Awards

PEXA takes on NSW, the RBA opens the kimono and Kelly gets a Christmas gong

STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS

TRENDING

NPP volume up 14%

Massive year in payments but 2026 looms even larger

Chalmers mandates cash at servos and supermarkets but safety wins the nights

Tyro buys Thriday for SME edge

Mint Payments partners with Zip Co to add flexible payment options for travel merchants

Aussies urged to claim $820 million in uncashed cheques, as Feds phase them out

Blockley hangs up his payments consulting hat

Christmas shoppers fund climate and biodiversity projects and deliveries boom

ASL to start 2026 with a new name and tagline – “Australia’s payments bank”

As the rollout deadline approaches, Confirmation of Payee may need to race on off-system BSBs and allocated EFT

Australia’s first real-time super payment from inside payroll

BECS future to drop on Tuesday, Matos takes on ABA Chair, BC aims for Fintechs and was ANZ too soon on Airwallex?

CBA pays $792k for CDR breaches

Chargeback fees surge as AI reshapes online payments and merchants bear the cost

Checkout.com adopts OpenAI backed ACP for merchants

Ciggies cheaper than ‘90s, as payments industry dawdles and ABS commits to collect data

Credit card schemes face parliamentary inquiry as revolving debt hits 4 year high

Device-not-present transactions account for 85% of card payment growth

Littlepay taps Wellington, showing Australia how a city's contactless transit can be done

Mobile wallets grow 24% annually as Australians abandon physical cards

Payments innovation lacks priority, survey

Banks fail to delay card review but could win on interchange

Cohen bulks up PEXA team ahead of possible ACCC probe

Coinbase Australia picks new ex-CommSec exec as COO

Emma Burke to steer Tyro through critical Christmas peak

NAB completes Citibank migration, becomes nation’s super Issuer

RBA quietly launches major rebuild of its A2A payments infrastructure

Retailers call on banks to act on Illicit tobacco as revenues take a hit

Staff get 12 month reprieve as Cuscal completes Indue deal

Westpac launches universal feature to cancel subscription payments

Yak in the sights, Revolut chases credit and Cuscal banks on acquiring

ANZ joins tobacco fight as AUSTRAC presses remitters on child exploitation payments

ATO urges employers to move early on payday super or risk compliance nightmare

HAVE A NEWS STORY TO SHARE?