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Fintech

EML settles class action for $37.4 million

Jul 1, 2025

EML settles class action for $37.4 million

Brisbane based payments outfit EML Payments Limited has signed an in-principle agreement to settle its shareholder class action proceeding for $37.4 million.

Fintech

+1

Humm drops BNPL and announces takeover bid

Jul 1, 2025

Humm drops BNPL and announces takeover bid

Sydney based ASX-listed Humm Group limited has announces $286 million takeover offer from The Abercrombie Group Pty Ltd (TAG).

Digital & Online

+2

NSW probes e-conveyancing

Jul 1, 2025

NSW probes e-conveyancing

NSW Parliament is forming a Select Committee to look at competition reforms in electronic conveyancing.

Digital & Online

+1

RBA consults on new powers to respond to threats on CS facilities

Jul 1, 2025

RBA consults on new powers to respond to threats on CS facilities

The Reserve Bank of Australia (RBA) has released a consultation paper on how it intends to implement its new powers to respond to threats posed to the financial system by Clearing and Settlement (CS) facilities like those managed by ASX.

Regulation

+2

RBA reforms may force Macquarie to rework its banking model

Jul 1, 2025

RBA reforms may force Macquarie to rework its banking model

Australia’s fastest-growing debit card issuer – Macquarie Bank – may have to overhaul parts of its business if the Reserve Bank tightens debit card regulation later this year.

A2A

Two consultations launched on A2A, including focus on bulk payments

Jul 1, 2025

Two consultations launched on A2A, including focus on bulk payments

AusPayNet and AP+ have today launched two consultations on A2A payments, following risks highlighted by the Reserve Bank of Australia.

Banks

ABA appoints Simon Birmingham as new CEO

Jun 24, 2025

ABA appoints Simon Birmingham as new CEO

The Australian Banking Association (ABA) has appointed former federal finance minister, Simon Birmingham, as its new CEO.

Digital & Online

+1

AUDC launches AUDD stablecoin on Hedera

Jun 24, 2025

AUDC launches AUDD stablecoin on Hedera

Australian Blockchain and Cryptocurrency (AUDC) has launched an Australian Digital Dollar (AUDD) on the Hedera Network.

Merchant Service Fees

+2

Chalmers dodges a productivity test on payments

Jun 24, 2025

Chalmers dodges a productivity test on payments

Federal Treasurer Jim Chalmers has ducked for cover after his office was asked to explain why taxpayers are wearing the cost of government agencies only being able to accept online debit card payments processed through the Visa and Mastercard networks.

Surcharging

+2

Historic shakeup? Surcharge ban prompts A2A and crypto challengers

Jun 24, 2025

Historic shakeup? Surcharge ban prompts A2A and crypto challengers

The dominance of card giants and Australia’s big banks’ revenue streams are under threat as the industry readies for structural transformation in the face of a looming debit card surcharge ban and escalating costs for merchants.

A2A

Industry to launch A2A consultation and may reset BECS 2030 end date

Jun 24, 2025

Industry to launch A2A consultation and may reset BECS 2030 end date

AusPayNet and Australian Payments Plus (AP+) are about to launch a public consultation about A2A payments, following a raft of issues raised by the Reserve Bank’s damning risk review.

Fintech

RBA Board member Marnie Baker joins FinTech Australia

Jun 24, 2025

RBA Board member Marnie Baker joins FinTech Australia

RBA Board member and former Bendigo Bank CEO Marnie Baker has joined Fintech Australia as a Non-Executive Director.

Banks

+1

Stay scam alert as FY closes - ANZ

Jun 24, 2025

Stay scam alert as FY closes - ANZ

ANZ has warned Aussies to watch out for tax-related impersonation scams and dodgy offers as the financial year draws to a close.

Fintech

+2

Tyro survey shows generational shift in foodie payment habits

Jun 24, 2025

Tyro survey shows generational shift in foodie payment habits

Almost 50% Aussies have adjusted their drinking habits due to cost-of-living pressures but Gen Zs are willing to pay more for coffee and beers, according to a new Tyro survey.

A2A

+2

US mega-bank JP Morgan joins AP+ Board

Jun 24, 2025

US mega-bank JP Morgan joins AP+ Board

The world’s biggest bank, US mega bank J.P. Morgan, has joined the Board at Australian Payments Plus (AP+) as it becomes more entrenched in Australian payments.

Fintech

+1

Smartpay accepts Shift4 bid as payments sector M&A begins

Jun 23, 2025

Smartpay accepts Shift4 bid as payments sector M&A begins

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.

Fintech

+1

Shuffling the deck chairs at Tyro as another exec departs

Jun 23, 2025

Shuffling the deck chairs at Tyro as another exec departs

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.

Cards

Aussies cut retail spend as data shows bills soaring

Jun 23, 2025

Aussies cut retail spend as data shows bills soaring

Australians are not spending less, they are spending differently. That is the message coming through clearly in the latest retail payments data, which shows card use continuing to grow, but with spending increasingly directed toward essential services rather than discretionary retail.

Digital & Online

+1

ASIC and the RBA stare down ASX after serious failures

Jun 17, 2025

ASIC and the RBA stare down ASX after serious failures

ASIC has announced an Inquiry into Australian Securities Exchange (ASX) group, while the Reserve Bank of Australia (RBA) explores regulatory options to “ensure CHESS Replacement is designed with an appropriate level of resilience for critical financial market infrastructure”.

Digital & Online

+1

Crypto payments arriving for Aussie merchants, bad news for cards

Jun 17, 2025

Crypto payments arriving for Aussie merchants, bad news for cards

Crypto payments may be about to go mainstream in Australia, with Stripe releasing tools for merchants to accept stablecoins. What does it mean for the big card schemes?

Fintech

+1

Nexxtap to target tradies and cafes with mobile SoftPOS

Jun 17, 2025

Nexxtap to target tradies and cafes with mobile SoftPOS

Brisbane-based payments fintech Nexxtap will be targeting tradies, cafes and pop up stores with its SoftPOS Tap to Phone technology.

Banks

+1

Older Australians targeted by new deposit scams

Jun 17, 2025

Older Australians targeted by new deposit scams

Older Australians are particularly vulnerable to a range of new deposit scams, according to Bendigo Bank.

Merchant Service Fees

+1

PayPal hikes Australian merchant fees as revenue flatlines

Jun 17, 2025

PayPal hikes Australian merchant fees as revenue flatlines

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.

Merchant Service Fees

+1

Premium credit card chats on internet forums. Where facts go to die.

Jun 17, 2025

Premium credit card chats on internet forums. Where facts go to die.

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.

Merchant Service Fees

+2

Scheme fees in Europe’s spotlight after 10 yrs of fee cap failures

Jun 17, 2025

Scheme fees in Europe’s spotlight after 10 yrs of fee cap failures

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.

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