Fintech
+2
Jul 30, 2025
Today the Assistant Treasurer, Dr Daniel Mulino, introduced legislation that paves the way for the Government to tackle payments issues such as the dominance of Apple Pay on mobile and blended rates for card payments.
Jul 29, 2025
Can Beem finally win against Apple, or has the horse bolted?
Digital & Online
+1
Merchant Service Fees
Regulation
Jul 28, 2025
Cash
+3
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New Zealand retailers may be reaching for their “no tap” terminal signs again, after their government proposed a ban on surcharges for most Visa and Mastercard POS payments this week.
The ACCC reiterated the vital role that cash plays in the Australian economy at a banking conference in Sydney last week, while the big banks celebrated the rise of digital payments.
+5
With increasing complexity around digital payments, a new breed of payments consultant is emerging in Australia focusing on niche specialisations to help businesses meet new challenges.
Banks
A FICO survey of bank risk executives has found that scams and mule accounts are the leading cybercrime threats banks face across the Asia Pacific region, while social media was identified as a key scam channel.
Fresh from its yet to be finalised deal with Luxembourg bank Banking Circle S.A, ASL is marching ahead with its product offerings, launching PayTo send capability this week enabling its customers access to “a fast, secure and efficient payment solution”.
Gumtree Australia has partnered with PayPal to offer PayPal Pay in 4 to its customers through their new payment platform called Gumtree Pay.
A Westpac survey has revealed new data showing 4pm on Tuesday afternoons is when customers are most likely to fall prey to scammers.
Australian payments provider Tyro is partnering with Belgian business management software Odoo to provide an all-in-one payment experience for small businesses and their customers in Australia.
Jul 22, 2025
Aussie payments outfit Airwallex has announced a multi-year partnership with football legends Arsenal Football Club that will see the platform become the club’s Official Finance Software partner.
Australian Payments Plus’ digital wallet Beem has integrated Cashrewards into its app, giving customers an alternative way to earn cashback on their purchases.
Despite not being subject to AUSTRAC rules, Next Payments has taken its own initiative on illegal tobacco, shaming banks and others that continue to provide terminals. CEO Tim Wildash simply says, "no (tobacco) licence, no ATM".
New Zealand's Commerce Commission has retained a zero debit interchange option for merchants, continued card surcharging and reduced other interchange fees for businesses accepting Visa and Mastercard payments.
Jenny Fagg, the banker who built the business case for the New Payments Platform, joins PayPal Australia as an independent director
The Reserve Bank of Australia has announced an intention to reduce credit interchange from a cap of 0.80% to 0.30%. The move has been welcomed by merchants across the nation who have for decades unwittingly subsidised rewards programs for the banks.
Taiwanese financial services giant Fubon Financial has applied for an Australian banking licence.
US payments giant PayPal is entering the Australian entertainment business, partnering with Ticketek to offer payments and buy now, pay later (BNPL) options to buy tickets for live concerts.
With the cost of card payments firmly in the spotlight, it seems a good time to ask - why aren't Australian merchants and regulators doing more to support and promote cheaper, alternative rails like account-to-account (A2A) payments?
Jul 17, 2025
John Collins has been appointed interim chief executive of ANZ's merchant acquiring joint venture with Worldline following the departure of Steve Aliferis.
Cash has again become a hot topic this week with the Council of Financial Regulators and the ACCC releasing a consultation paper on cash distribution.
Jul 15, 2025
Authentic Security has confirmed its status as an Approved Cash Centre Operator (ACCO) after it was given the green light by the Reserve Bank on July 1st. The announcement coincides with Armaguard being awarded another $25 million lifeline.
+4
Publication of the RBA’s payments roadmap put Tyro’s share price under pressure on Tuesday, but the business fallout will be more widely distributed in the payments sector.
Indue’s cooperative ownership—15 credit unions and mutuals— is considering its future in an industry under mounting regulatory, commercial, and technological pressures.
Is Australia moving closer to a new central bank digital Australian dollar, with the support of big banks, J.P. Morgan, three regulators, Australia’s domestic payments scheme and fintechs?
Small business groups say the RBA’s proposed reforms won’t bring down card fees anywhere near as much as anticipated, and consumers will end up paying higher prices.
