NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on how far regulators should intervene and
Treasury will consult on a refreshed Strategic Plan for Australia’s Payments System later this year as part of a broader push to accelerate financial innovation.
Armaguard has become the first company captured by Australia’s new cash distribution regime, giving regulators significant new powers as unresolved battles over pricing and the structure of cash
Debit card spending grew 10.1% over the 12 months to July to $693.2 billion, in the first double-digit reading since late 2023. Credit managed 7.2%, to $477.7 billion.
Macquarie wants AP+ running BECS and the NPP, while fintechs have attacked the NPP access costs.
Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve Bank to bring three-party card networks inside equivalent regulation.
Australian fintech heavyweights led by Airwallex, Adyen, Azupay and Digital Economy Council has put access to the NPP at the centre of the RBA’s regulatory review, calling for intervention to turn A2A into “genuine” competition.
UPGRADE YOUR PAYDAY NEWS SUBSCRIPTION TODAY
Subscribe to get your weekly PayDay News updates direct to your inbox
STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS
Subscribe to get your weekly PayDay News updates direct to your inbox
TRENDING STORIES ▸
Payments COMMENTARY ▸
Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level. ...
Payments talent recruiter and CEO of Paralel Craig Danvers looks at change in the Australian payments market over the past decade – a period that has seen the industry roughly ...
UPGRADE YOUR PAYDAY NEWS SUBSCRIPTION TODAY
Subscribe to get your weekly PayDay News updates direct to your inbox
STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS
Subscribe to get your weekly PayDay News updates direct to your inbox
THE INTERCHANGE BENCH ▸
On The Interchange Bench this week, Tyro's Lee learns the hard way, a familiar face resurfaces at Salter Brothers, Revolut's unlikely wingman, the ATO's card trick, CBA's viral headache, and ...
On The Interchange Bench this week, Stripe walks away from $53bn PayPal takeover, the ACCC advises on October 1 price displays, NSW Treasury names Ballantine as payments strategy delivery chief, ...
A2A ▸
As the RBA mulls Australia’s payments future, Vietnam offers an intriguing case study: cash remains strong, while high card fees have helped QR-based account payments leapfrog cards.
Australian fintech heavyweights led by Airwallex, Adyen, Azupay and Digital Economy Council has put access to the NPP at the centre of the RBA’s regulatory review, calling for
New research from AP+ and Crisil Coalition Greenwich says corporate Australia is embracing real-time payments as finance leaders look beyond speed, in preparation ahead of the end of
Commonwealth Bank has launched PaidIt, combining identity verification and real-time payments to help organisations find recipients and deliver settlements, remediation payments and refunds as cheques disappear.
The Reserve Bank of New Zealand (RBNZ) is seeking feedback on its payments system and ways in which to future-proof and modernise retail payments, declaring that it is
CARDS ▸
Local American Express boss Corrina Davison has found herself increasingly isolated as banks, merchants and card schemes urge the Reserve Bank to bring three-party card networks inside equivalent
NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but differ on how far regulators should intervene and
Suncorp Bank merchants face a firm December deadline to find a new payments provider, months before 1.2 million Suncorp customers complete their broader migration onto ANZ systems and
Lower interchange caps from October 1 are forcing both airline programs to move to direct earn and push customers to payment platforms, as Virgin flags 3-year Velocity overhaul.
Move over American Express, Commonwealth Bank (CBA) just secured the exclusive rights to be Discover's issuer in Australia, with plenty of perks for high-end cardholders and an impressive
STAY UP-TO-DATE WITH THE LATEST PAYMENTS NEWS
Subscribe to get your weekly PayDay News updates direct to your inbox
Topics: CASH ▸
Armaguard has become the first company captured by Australia’s new cash distribution regime, giving regulators significant new powers as unresolved ...
If Australian banks are trying to kill cash, Italy offers a fascinating warning: even mandating electronic payment acceptance across virtually ...
A lot remains unfinished to secure Australia’s cash future after Parliament last week passed legislation regulating Australia’s cash distribution network, ...
Topics: BANKS ▸
The ACCC has cleared the National Australia Bank, Westpac, ANZ and Bank of Queensland to start their regional ATM experiment, ...
Just days after posting a record profit, Commonwealth Bank has suffered a card processing error which saw some of its ...
Westpac New Zealand has passed $250 million in open banking payments as customer adoption accelerates, providing an early indication that ...
Topics: SCAMS & FRAUD ▸
Businesses that play an important role in helping detect and prevent money laundering but are not enrolled under Australia’s AML ...
AUSTRAC has confirmed payment platforms are included in its mortgage fraud crackdown, with CEO Brendan Thomas pointing to source-of-funds verification ...
pay.com.au and Tyro-owned Thriday have both warned customers about phishing emails after a third-party platform used to design and send ...
PayDay News
We report the issues shaping Australia's payments system
PayDay News is Australia’s leading independent payments publication. We give payments professionals, merchants and policymakers insights, commentary, analysis and data that they can’t afford to miss.
Launched in October 2024, we cover payments stories and issues at a depth that other publications simply don’t have the time, resources or expertise to match.
We cover and break news about a range of payments issues including company updates, competitive intelligence, regulation, technology, credit and debit cards, mobile wallets, cash, merchant fees, scams, fraud, schemes, networks, account-to-account (A2A), AI, open banking, crypto, stablecoins and people movements.
Prominent Australian payments experts and journalists
We care about what you read. Our content is driven and written by prominent Australian business and technology journalists, data analysts, payments industry veterans, educators and payments commentators.
Advertising Enquiries
Get in touch with us about advertising opportunities today!
The fault lines in Australia’s payments