Fintech
+1
Jun 23, 2025
Tyro’s chief growth officer has disappeared from the company’s executive team website, following the departure of Tyro CEO and Managing Director, Jon Davey.
The expected flurry of mergers and acquisitions activity has hit the Australian payments sector with Smartpay Holdings Limited agreeing to a NZ$1.20 per share all-cash takeover offer from US payments heavyweight, New York Stock Exchange listed, Shift4 Payments Inc.
Cards
Digital & Online
Jun 17, 2025
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Banks
Older Australians are particularly vulnerable to a range of new deposit scams, according to Bendigo Bank.
Merchant Service Fees
For many years PayPal has been a leading online processor of merchant transactions. However, recent financial disclosures indicate that the company is losing ground in the Aussie payments market to Stripe and others.
If you spend any time on internet forums talking about the value of premium credit cards, you will stumble across any number of self-styled experts who willingly dish out advice but are just cosplaying.
+2
A group of prominent European retailers has renewed calls to regulate fees charged international card schemes (ICS) on card transactions, saying a lack of controls is seriously undermining efforts to reduce the cost of card payments.
Webjet’s Motorhome Republic is the latest travel company to launch PayTo in Australia in an effort to reduce card fees, after Australia Payments Plus said it would consider consumer protections later this year.
Cash
Jun 10, 2025
This week the RBA released its Retail Payments data to April 2025. Here are the latest results.
NAB’s HICAPS is being integrated with leading practice management software, Best Practice, to make claiming card transactions and reconciliations faster, simpler and easier for GPs, clinics and patients.
Travel website Luxury Escapes has partnered with Azupay to offer PayID as a payments option for online holiday bookings without card surcharges or manual bank account transfers.
The Reserve Bank of Australia has advertised for a new risk management officer for payments settlements, following an update on 2024 recommendations on the Reserve Bank Information and Transfer System (RITS).
In 2021 the Reserve Bank gave banks 12 months to roll out least-cost routing for card-not-present payments. However, in 2025 the RBA-managed online payments platform - EasyPay – still hasn’t processed an eftpos transaction.
With a bit of luck and some tough negotiations, Aussie online shoppers may be able to use eftpos Click To Pay from next year, complete with integrated least-cost routing (LCR) to reduce costs for merchants.
Jun 5, 2025
Australian Payments Plus (AP+) will explore further consumer protection mechanisms for PayTo transactions later this year, potentially bringing the service in line with card payments.
