Logo
PAYDAY NEWS
Search
HOME
TOPICS
ARCHIVE
ABOUT US
ADVERTISE WITH US
LOGIN
SUBSCRIBE
UPGRADE

FEATURED


Digital & Online

+1

Big banks fight to compete online, as rumours rage on Stripe PayPal buyout

Mar 4, 2026

Big banks fight to compete online, as rumours rage on Stripe PayPal buyout

LockSimple

Aussie banks are struggling to compete with easy to use and fee-heavy plugins and apps in Australia’s fastest growing payment category - online - as talk of a Stripe takeover of PayPal and Block shedding jobs floods the market.

A2A

ShopBack abandons instore QR payments experiment

Mar 4, 2026

ShopBack abandons instore QR payments experiment

LockSimple

Westpac-backed rewards and cashback platform, ShopBack has announced it is walking away from its instore QR payments product ShopBack Pay, only a year after announcing a partnership with Chemist Warehouse and Banked.

THE LATEST


Cards

+1

No new pay Apps on iPhone NFC! But Apple says Aussie developers are “well down the path”
LockSimple

Mar 4, 2026

No new pay Apps on iPhone NFC! But Apple says Aussie developers are “well down the path”

Fintech

+3

Blended rates, fintech carve-outs and a trillion-dollar gatekeeper: who really pays?
LockSimple

Mar 4, 2026

Blended rates, fintech carve-outs and a trillion-dollar gatekeeper: who really pays?

Merchant Service Fees

+2

Bank lobby flags capped credit card surcharge option
LockSimple

Mar 4, 2026

Bank lobby flags capped credit card surcharge option

Fintech

+1

Mixed results for listed pay firms, with Tyro and Cuscal profits up, revenue slower
LockSimple

Mar 4, 2026

Mixed results for listed pay firms, with Tyro and Cuscal profits up, revenue slower

STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS

Subscribe to get your weekly updates direct to your inbox

TRENDING


The Interchange Bench

The Interchange Bench
LockSimple

Mar 4, 2026

The Interchange Bench

On The Interchange Bench this week Shane Healey takes the baton from Paul Askew on the AP+ Board, Greg Smith goes Global with eCommerce products, Block locals take stock after Jack Dorsey’s jobs slashing, Danvers job board provides options for payments nerds looking for work and there’s also work in Cuscal’s strategy team, Visa’s David Peacock goes to Auckland and Westpac gets a new payments leader in Andrew Kulmann.

Merchant Service Fees

+1

The great loyalty shake-up: Australia's biggest brands rewire rewards
LockSimple

Mar 4, 2026

The great loyalty shake-up: Australia's biggest brands rewire rewards

Australia's loyalty landscape is being redrawn by regulatory pressure, cost-of-living anxiety and a retail data goldrush where every payment is a data point that’s sold and shared.

Fintech

+9

ParliPay - hours of action-packed TV with a pinch of fiction
LockSimple

Mar 4, 2026

ParliPay - hours of action-packed TV with a pinch of fiction

Last week I spent two days watching the parade of banking and payment seniors strut their stuff in Canberra at the House Economics Committee – the ParliPay hearings.

Digital & Online

+1

Cross-border payments still too expensive and slow: RBA
LockSimple

Mar 4, 2026

Cross-border payments still too expensive and slow: RBA

Australia’s goals to speed up and reduce the cost of cross-border payments are behind schedule, with banks usually proving more expensive than some fintechs to send money overseas.

A2A

Osko and SCT join in A2A harmony
LockSimple

Mar 4, 2026

Osko and SCT join in A2A harmony

Australian Payments Plus (AP+) is harmonising its New Payments Platform (NPP) push payments offering by merging the Single Credit Transfer (STC) and Osko services into one.

Fintech

+2

Lessn rewards growth with new investment round
LockSimple

Mar 4, 2026

Lessn rewards growth with new investment round

Australian B2B payments platform Lessn has celebrated surpassing $100 million transacted on its platform within its first year of operations, as it enters a new investment round.

Digital & Online

+1

Troubled Airwallex announces partnership with Bombers
LockSimple

Mar 4, 2026

Troubled Airwallex announces partnership with Bombers

Airwallex continues its sporting campaign march, this time onto the oval with the Bombers, despite AUSTRAC woes.

Fintech

+1

Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA
LockSimple

Feb 25, 2026

Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA

While a few hopeful fintechs are expecting government to support a massive shift to account-to-account (A2A) POS payments, Apple and the RBA said the country’s infrastructure is geared towards EMV card payments and simply isn’t ready.

Fintech

+1

Bills-for-points fintechs surge as Pay.com.au float looms
LockSimple

Feb 25, 2026

Bills-for-points fintechs surge as Pay.com.au float looms

A wave of Australian platforms letting businesses put payables on cards to earn frequent-flyer points is accelerating in a sector shaped as much by loyalty economics as payments innovation.

Fintech

+3

CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI
LockSimple

Feb 25, 2026

CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI

The country’s biggest bank will be able to offer customers Dynamic Least-Cost Routing (DLCR) and improved outage resilience by year end, after it snapped up local innovative fintech IPSI.

Merchant Service Fees

+2

Global payments consultancy BBMS enters Australia as surcharging ban looms

Feb 25, 2026

Global payments consultancy BBMS enters Australia as surcharging ban looms

With the RBA’s card surcharging ban set to hit in July, London-based payments veteran Neil Fillbrook is bringing BB Merchant Services’ forensic cost-reduction model to Australia — promising average savings of 23% for businesses.

Digital & Online

+2

Inside Banking Circle’s play to reshape payments and lead stablecoin down under
LockSimple

Feb 25, 2026

Inside Banking Circle’s play to reshape payments and lead stablecoin down under

With a proven euro stablecoin already in circulation, Banking Circle is laying the groundwork for what could become Australia’s most significant bank-backed digital currency infrastructure - arriving at precisely the moment regulators are finally writing the rules.

Fintech

+1

Latitude hits new altitudes in credit card spending
LockSimple

Feb 25, 2026

Latitude hits new altitudes in credit card spending

A 59% jump in cash profit sparked a rally in Latitude Group shares last week, with the company’s 2025 results shows a sharp increase in credit card spend.

Merchant Service Fees

+2

“Monopoly” schemes and blended rates killing retail payments competition, says committee
LockSimple

Feb 25, 2026

“Monopoly” schemes and blended rates killing retail payments competition, says committee

A parliamentary inquiry into card schemes and digital wallets has labelled the dominance of US card schemes in Australia a “monopoly”, while others said the benefits of least-cost routing are being eroded by pervasive blended rate plans.

Banks

+1

NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus
LockSimple

Feb 25, 2026

NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus

With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.

Digital & Online

+2

RBA releases details of CS crisis powers to protect financial markets
LockSimple

Feb 25, 2026

RBA releases details of CS crisis powers to protect financial markets

The Reserve Bank of Australia (RBA) has published its rules for intervening if there is a threat to domestic financial stability or to the continuity of the Clearing and Settlement (CS) facility’s services that are critical to the functioning of the financial system in Australia.

Merchant Service Fees

+2

The $2 Billion scheme fee black box
LockSimple

Feb 25, 2026

The $2 Billion scheme fee black box

A marathon day of parliamentary testimony revealed a payments system where nobody admits to being dominant, nobody can fully explain where the money goes, and Australia’s small businesses are caught in the crossfire between banks, card schemes, and big tech.

The Interchange Bench

The Interchange Bench
LockSimple

Feb 25, 2026

The Interchange Bench

On The Interchange Bench this week Alison Morris has a big new role at Global Payments, Cuscal delivers half year lift, Matthew Lee looks at MasterCard’s business performance, Karthik Ramamurthy gets a product promo at AP+, Tyro unleashes Alexander “The Great” on Melbourne and its half year results, and Azupay’s in the Clover.

Fintech

+4

Threatened “Zero Cost” Smartpay changes name and wants AusPayNet review
LockSimple

Feb 25, 2026

Threatened “Zero Cost” Smartpay changes name and wants AusPayNet review

With its business model on the brink, blended rate terminal operator Smartpay has changed its name and come out swinging on surcharge regulation, scheme fees, Apple Pay and big bank dominance, including the role of the industry’s “governance body” AusPayNet.

Fintech

+1

UK’s Volt joins busy “Identified” NPP lineup to target recurring payments
LockSimple

Feb 25, 2026

UK’s Volt joins busy “Identified” NPP lineup to target recurring payments

UK-based Volt has joined a growing number of companies accessing the New Payments Platform as “identified institutions” via direct connectors, as a gateway to the Australian payments system.

Banks

+1

After a booming profit, CBA now says domestic issuing and acquiring run at a loss!
LockSimple

Feb 18, 2026

After a booming profit, CBA now says domestic issuing and acquiring run at a loss!

Australia’s biggest bank claims its domestic issuing and acquiring businesses are losing money.

Digital & Online

+2

Apple Pay dominance is “good for competition”: Apple
LockSimple

Feb 18, 2026

Apple Pay dominance is “good for competition”: Apple

Regulation of Australia’s dominant mobile wallet Apple Pay will hurt consumers and small banks trying to compete with the Big 4, according to Apple.

Cash

+4

Australia breaks new records on card spending ... and merchant fees
LockSimple

Feb 18, 2026

Australia breaks new records on card spending ... and merchant fees

New data shows 2025 saw record card usage in Australia, but fees charged to merchants for accepting those cards also increased across almost all card categories.

Cash

+1

Cash demand up at branches as closures continue
LockSimple

Feb 18, 2026

Cash demand up at branches as closures continue

The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.

Banks

+1

CBA takes the lead on scams and fraud as credit growth bolsters banks
LockSimple

Feb 18, 2026

CBA takes the lead on scams and fraud as credit growth bolsters banks

Granular detail on scams and fraud released by the Commonwealth Bank (CBA) throws down the gauntlet to its competitors.

Fintech

+3

DJs adopts Weixin Pay for big spending Chinese tourists
LockSimple

Feb 18, 2026

DJs adopts Weixin Pay for big spending Chinese tourists

David Jones now accepts Weixin Pay – formerly known as WeChat Pay - enabling big spending Chinese customers to make purchases at preferential exchange rates, and eliminating the need for cash or cards.

Digital & Online

+2

Europe aims for payments sovereignty in break from US networks
LockSimple

Feb 18, 2026

Europe aims for payments sovereignty in break from US networks

In an increasingly uncertain global economy, Europe is rushing the rollout of a ubiquitous payments capability free from US and other foreign networks.

HR

+1

Payments recruiter turns industry model on its head with fixed-price search

Feb 18, 2026

Payments recruiter turns industry model on its head with fixed-price search

EasyTalent founder Craig Danvers said commission-based agencies can no longer justify their fees in an era where LinkedIn has democratised candidate access.

Fintech

+1

PayPal “sleepy shopping” data reveals cost of late-night spending
LockSimple

Feb 18, 2026

PayPal “sleepy shopping” data reveals cost of late-night spending

Australians are paying the price for late night shopping binges, according to PayPal.

A2A

+1

PayTech merger talk as banks demand controls over “free ride” NPP entrants
LockSimple

Feb 18, 2026

PayTech merger talk as banks demand controls over “free ride” NPP entrants

With growing rumours about consolidation of real time PayTech companies, the big banks want them to cough up extra dollars for network builds and provide more assurances that new entrants can be trusted.

Fintech

+1

“Shout” fades as Aussies hit their spending limit
LockSimple

Feb 18, 2026

“Shout” fades as Aussies hit their spending limit

According to new data from Tyro, one in three Aussies are ditching “the shout” because they’re tightening their belts.

Digital & Online

+4

Small business unites against card scheme "margin grab"
LockSimple

Feb 18, 2026

Small business unites against card scheme "margin grab"

Ahead of hearings next week, 24 submissions - and counting - have been published by the parliamentary inquiry, with banks joining business in fingering card schemes as a major problem.

The Interchange Bench

The Interchange Bench
LockSimple

Feb 18, 2026

The Interchange Bench

On The Interchange Bench this week Tyro resorts to mixed martial arts, Cowan reflects on three decades in payments, May Lam wins an Info-Tech’s IT title, NSW sneaks out Digital ID, Virgin punches out big rewards offers, NAB gets an acquiring popularity gong and AusPayNet hosts another private A2A gaggle.


HAVE A NEWS STORY TO SHARE?

CONTACT US

LinkedIn

© 2026 Sapphire Executive Business Services.
Report abusePrivacy policyTerms of use
beehiivPowered by beehiiv