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2026 marks the 42nd anniversary of the first electronic payment made in Australia


To mark this special occasion, PayDay News is looking back, and forward in this special edition.


FEATURED


Fintech

+1

Mystery to shroud BECS future until July: AusPayNet

Apr 22, 2026

Mystery to shroud BECS future until July: AusPayNet

LockSimple

Despite potential impacts on NPP-centric fintechs and other payments stakeholders, AusPayNet won’t make public the results of its assessment of options to upgrade the Bulk Electronic Clearing System (BECS) until July.

Cards

As fuel soars Visa and Mastercard take aim at Australia's fleet card market

Apr 22, 2026

As fuel soars Visa and Mastercard take aim at Australia's fleet card market

LockSimple

The global payments giants are partnering with big banks like Westpac to move into territory long dominated by Fleet Card and WEX's Motorpass, and petrol station operators said the incumbents have had it too good for too long.

THE LATEST


Cash

+1

Cash use trending up and “essential”: RBA
LockSimple

Apr 22, 2026

Cash use trending up and “essential”: RBA

A2A

+1

Why the Government won’t move to NPP except in emergencies
LockSimple

Apr 22, 2026

Why the Government won’t move to NPP except in emergencies

Cards

+1

Transport for NSW delivers concession transit while Littlepay turns on Wellington tap
LockSimple

Apr 22, 2026

Transport for NSW delivers concession transit while Littlepay turns on Wellington tap

Regulation

+2

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program
LockSimple

Apr 22, 2026

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program

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TRENDING


Merchant Service Fees

+2

The NFC chip, the banks, and the distraction from the bigger payments fight
LockSimple

Apr 22, 2026

The NFC chip, the banks, and the distraction from the bigger payments fight

As the Reserve Bank mulls over the scope of its second payments consultation, it must consider whether regulating Google and Apple will really produce a more resilient and efficient payments system for consumers and merchants, or just deliver a win for the banks?

Digital & Online

+1

ASX finally live with $125m CHESS Release 1
LockSimple

Apr 22, 2026

ASX finally live with $125m CHESS Release 1

After years of regulatory pressure and a significant system crash, the ASX is finally live with CHESS Release 1, with all Approved Market Operators advised they were successfully connected this week.

Merchant Service Fees

+3

Wake up! Only 162 days before surcharge ban kicks in
LockSimple

Apr 22, 2026

Wake up! Only 162 days before surcharge ban kicks in

With just 162 days left until the first round of changes to Australia’s retail payment system, the payments industry is having mixed reactions to the most significant changes in a generation, but you wouldn’t know it.

Fintech

PayNuts unveils refreshed brand and solutions
LockSimple

Apr 22, 2026

PayNuts unveils refreshed brand and solutions

PayNuts has unveiled a refreshed brand identity and an expanded suite of integrated business solutions designed to woo small businesses.

The Interchange Bench

The Interchange Bench
LockSimple

Apr 22, 2026

The Interchange Bench

On The Interchange Bench this week, the RBA PR machine goes nuts on cash, APRA passes the buck on Binance, Azupay urges merchants to switch to NPP, Airwallex invests in C-suite compliance, Pay.com.au packs up its IPO, Kemper to head SEON commercial, NAB searches for a real-time tech head, AMEX joins the AI party and Bolt goes to Bangkok.

Fintech

+1

Sydney’s Hello Clever teams with Checkout.com on global AI and rewards play
LockSimple

Apr 22, 2026

Sydney’s Hello Clever teams with Checkout.com on global AI and rewards play

A new deal with Checkout.com aims to further expand Sydney based Hello Clever’s international growth strategy, having already established regional headquarters in Singapore, New York, and Tokyo.

Digital & Online

+3

Perfume and petrol: what two April data drops reveal about the Aussie wallet
LockSimple

Apr 22, 2026

Perfume and petrol: what two April data drops reveal about the Aussie wallet

Experian's latest Business Pulse paints one picture of the Australian consumer. CommBank's March Household Spending Insights paints another. Read them side by side, and the shape of 2026 gets interesting fast.

Fintech

+2

Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia
LockSimple

Apr 22, 2026

Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia

Global issuer-processor, Paymentology is expanding down under forming strategic partnerships and marking a significant milestone in its global expansion strategy.

Fintech

Blackhawk launches stored value platform for consumer engagement
LockSimple

Apr 22, 2026

Blackhawk launches stored value platform for consumer engagement

The new platform unifies refunds, promotional dollars, loyalty rewards and gift cards into one consumer balance that serves as a retention and marketing tool for brands.

The Payments Spotlight

CBA and the evolution of Aussie payments
LockSimple

Apr 19, 2026

CBA and the evolution of Aussie payments

As the biggest player in the market, the Commonwealth Bank has been at the forefront of electronic payment milestones for the past 40 years, supporting Australians to adapt to the ever-changing payments landscape. The bank's payments leaders, Albert Naffah and Alison Chang, take a close look at the payments evolution.

The Payments Spotlight

First with Apple Pay and an early investor in NPP, ANZ strives for innovation
LockSimple

Apr 19, 2026

First with Apple Pay and an early investor in NPP, ANZ strives for innovation

ANZ’s Managing Director Transaction Banking, Lisa Vasic, explains that as the first bank to introduce Apple Pay to the local market, ANZ continues to drive innovation in the payments ecosystem.

The Payments Spotlight

From cheque books to agentic AI: Global Payments looks at how Australia's payments system grew up
LockSimple

Apr 19, 2026

From cheque books to agentic AI: Global Payments looks at how Australia's payments system grew up

Forty-two years after Australia's first eftpos payment was made in a Sydney supermarket, Global Payments, Head of Integrated and Platforms for APAC, Masseh Haidary, looks at how the payments world has changed - Australians now tap watches ride the NPP and argue about surcharges. The infrastructure underneath all of that? Still evolving, still contested, still fascinating.

The Payments Spotlight

From click-clack to tap-and-go
LockSimple

Apr 19, 2026

From click-clack to tap-and-go

Forty-two years ago, the first electronic ‘eftpos’ transaction occurred on a Westpac Handicard at a Woolworths Supermarket. Payments expert, engineer and industry veteran Simon Greig explains exactly what that involved and why it matters.

The Payments Spotlight

How eftpos changed the way Australians pay
LockSimple

Apr 19, 2026

How eftpos changed the way Australians pay

Australian Payments Plus (AP+) General Manager Retail Payments, Colin Sultana explains that the first eftpos transaction marked the beginning of electronic payments in Australia – demonstrating, for the first time, how funds could move digitally between a card-issuing bank and a merchant.

The Payments Spotlight

New eftpos brand campaign
LockSimple

Apr 19, 2026

New eftpos brand campaign

Australian Payments Plus (AP+) has launched a new eftpos merchant brand campaign, coinciding with the 42nd anniversary of the first electronic card payment.

The Payments Spotlight

The Woolies transaction that sparked a $1 trillion revolution in Aussie card payments
LockSimple

Apr 19, 2026

The Woolies transaction that sparked a $1 trillion revolution in Aussie card payments

After processing the first EFTPOS transaction back in 1984, Woolworths sparked an electronics payments revolution that now sees Australians make more than $1 trillion in card payments a year. 42 years on and WPay Managing Director Chris Mills said Woolworths payments ethos remains the same – giving customers choice and convenience.

Merchant Service Fees

+2

ACCC takes on Mastercard in Federal Court
LockSimple

Apr 15, 2026

ACCC takes on Mastercard in Federal Court

The ACCC's landmark competition case against Mastercard opened in the Federal Court on Monday, with senior counsel for the regulator, John Sheahan, walking Justice Wigney through the evidence.

Fintech

+2

Accommodation providers look for cheaper pay options in wake of surcharge ban
LockSimple

Apr 15, 2026

Accommodation providers look for cheaper pay options in wake of surcharge ban

With Australia's planned ban on card surcharges set to take effect on 1 October, GoCardless said accommodation providers are seeking lower-cost payment alternatives to protect margins.

A2A

+1

Bank lobby conflates NPP costs with cards fees ... and threatens more fees!
LockSimple

Apr 15, 2026

Bank lobby conflates NPP costs with cards fees ... and threatens more fees!

Small businesses and cardholders might soon be paying higher card fees to help the big banks’ build the New Payments Platform (NPP) and defend their profits from multinationals, according to bank lobbyists.

Fintech

+2

Bolt repurposes AP+ white elephant Beem after Binance setback
LockSimple

Apr 15, 2026

Bolt repurposes AP+ white elephant Beem after Binance setback

As it looks to recover from an embarrassing short-lived relationship with controversial crypto wallet Binance, Bolt Group's latest move is to give Beem a facelift and turn it into a “true everyday money app”.

Cards

Bowser bandits target fuel cards and petrol pumps
LockSimple

Apr 15, 2026

Bowser bandits target fuel cards and petrol pumps

Desperate motorists have resorted to stealing fuel cards from rental cars or simply speeding off without paying for petrol.

Cash

+5

Cash still growing as ATM withdrawals hit a six-year high and debit surges
LockSimple

Apr 15, 2026

Cash still growing as ATM withdrawals hit a six-year high and debit surges

ATM withdrawals reached $9.3 billion in February, the highest single month since July 2020 when $9.7 billion was withdrawn. It is the only form of cash access still growing, up 2% annually as debit card usage continues to surge.

Fintech

+1

Coinbase’s green light with AFSL
LockSimple

Apr 15, 2026

Coinbase’s green light with AFSL

In an Aussie first, Coinbase will bring perpetuals, futures, options, and a full suite of financial products to one of the world's most engaged crypto markets thanks to a retail derivatives authorisation.

Merchant Service Fees

+1

Commercial card printing frenzy as banks chase interchange
LockSimple

Apr 15, 2026

Commercial card printing frenzy as banks chase interchange

The RBA's commercial card carve-out has handed banks, schemes and loyalty programs a licence to hunt 4m ABN holders in Australia to fill $910m revenue hole.

Fintech

+1

Delays and outlook see EML shares dive
LockSimple

Apr 15, 2026

Delays and outlook see EML shares dive

ASX listed EML’s new CEO Adam Olding faces a serious challenge after the company’s revised outlook saw shares take a big dive on Monday.

Merchant Service Fees

+2

Schemes allow surcharging in the US as RBA shuts the door here
LockSimple

Apr 15, 2026

Schemes allow surcharging in the US as RBA shuts the door here

In a cruel irony for Australian small businesses, Mastercard and Visa have changed the rule book in the US to allow surcharging on credit cards, just as the Reserve Bank of Australia bans the practice in Australia.

Fintech

+2

Shift4 in the frame as Cuscal moves on NZ Paymark
LockSimple

Apr 15, 2026

Shift4 in the frame as Cuscal moves on NZ Paymark

Cuscal is buying New Zealand’s answer to eftpos - Paymark – in a deal that may secure a brighter future for one of its biggest customers, Shift4, in the land of the long white cloud.

The Interchange Bench

The Interchange Bench
LockSimple

Apr 15, 2026

The Interchange Bench

On The Interchange Bench this week DataMesh looks for a new CEO as Nagy moves on, Noor farewells Cuscal acquiring, Lacey becomes AFCA’s first Chief Scams Officer, Poblocki bounds from Binance to Finmo, Wormald peddles Click To Pay as fraud fix, Westpac continues to woo surcharge ban victims, AP+ runs A2A session for PSPs, and Awad moves on from Tyro marketing.

Merchant Service Fees

+2

The RBA killed the one tool that could help SMEs navigate the surcharge ban
LockSimple

Apr 15, 2026

The RBA killed the one tool that could help SMEs navigate the surcharge ban

The Reserve Bank, the same regulator that banned surcharging, has also killed the idea of a payments comparison website, the one tool that would have let small businesses actually shop around for a better deal on card acceptance fees. And it did so despite Australia's biggest bank offering to pay for it.

Digital & Online

+1

AI driven social media scam surge warning: Westpac
LockSimple

Apr 8, 2026

AI driven social media scam surge warning: Westpac

Westpac is warning Australian businesses and households to brace themselves for a “new wave of personalised, AI driven scams” this year, and wants social media platforms to step up.

Regulation

+2

Citizens left holding the bill as the government undermines its payments reform agenda
LockSimple

Apr 8, 2026

Citizens left holding the bill as the government undermines its payments reform agenda

As Canberra bans surcharges in October, a glaring loophole has been left open that hands NAB the country's biggest commercial card windfall. Taxpayers will be forced to cover the cost of expensive corporate credit cards used to pay for government services, while public servants will inflict pain on small businesses every time they open their wallets, forcing up prices.

A2A

Feedback on costly NPP bulk payments solution due today
LockSimple

Apr 8, 2026

Feedback on costly NPP bulk payments solution due today

As the industry struggles to satisfy the Reserve Bank that the New Payments Platform can deal with the Government’s high priority bulk payments for essential services including welfare, veterans, pensions and the public service payroll, Australian Payments Plus is looking for feedback on a potential fix – but it comes with a big price tag and ongoing costs.

Fintech

+3

Game on. PSPs and acquirers fight to survive in a post-surcharge world
LockSimple

Apr 8, 2026

Game on. PSPs and acquirers fight to survive in a post-surcharge world

Ahead of what is likely to be the biggest Payment Service Provider (PSP) and acquiring market shakeup in decades, Tyro, Zeller, Westpac and CBA are already wooing customers for the post-surcharging world, while ANZ remains mum on its plans for ANZ Worldline.


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