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Digital & Online

+2

Kiwibank leads NZ business open banking while BlinkPay completes real time test

Jun 3, 2026

Kiwibank leads NZ business open banking while BlinkPay completes real time test

Beating a raft of Aussie banks including Westpac and ANZ, Kiwibank has become the first bank in New Zealand to roll out open banking through all its digital channels for both individual and business customers, six months ahead of its regulatory deadline.

Regulation

+1

QR, Crypto and PayTo fail to attract consumer take up despite investments: RBA

Jun 3, 2026

QR, Crypto and PayTo fail to attract consumer take up despite investments: RBA

Continuing investment and marketing spend on QR, Crypto and PayTo payments have failed to convince consumers to walk away from the convenience and speed of traditional cards, according to the Reserve Bank of Australia’s latest Consumer Payment Behaviour Survey. But PayID is bucking the trend and starting to take off.

Regulation

Record electric vehicle sales as the bowser bites family budgets

Jun 3, 2026

Record electric vehicle sales as the bowser bites family budgets

Boasting nearly $700 a year savings, the switch to electric vehicles has never looked so good for Aussies amid the Middle East conflict-induced petrol price hikes.

Fintech

+1

Sydney fintech 6GPI goes after massive SNAP food stamp market in the US, while Zepto offers help to NDIS

Jun 3, 2026

Sydney fintech 6GPI goes after massive SNAP food stamp market in the US, while Zepto offers help to NDIS

Respected solutions architect Dave Pike has walked away from ANZ to set up a fintech that aims to take on fraud in the US$100 billion SNAP food stamp payments market in the US.

The Interchange Bench

The Interchange Bench

Jun 3, 2026

The Interchange Bench

On The Interchange Bench this week, Pexa hikes prices as Sympli farewells Joyce, Wei takes the wheel at Binance, zero comment on Xero platform outage, KPMG scandal may spark a payments advice rethink, Chris and Trev’s excellent Zepto AI adventure to the US, TikTok readies for payments app play and Nuno celebrates a year at ANZ.

Fintech

+1

Tyro to fire up banking licence with new hire

Jun 3, 2026

Tyro to fire up banking licence with new hire

Tyro has held a full banking licence since 2015, the first Australian tech company to get one. For most of the years since, it's barely used it. A new job ad, posted by a new CEO with a battered share price, is the clearest signal yet that the quietest asset on Tyro's balance sheet is about to be asked to earn its keep.

Banks

+1

Westpac data reveals rapid uptake in AI subscriptions

Jun 3, 2026

Westpac data reveals rapid uptake in AI subscriptions

Westpac customers alone are paying $5.6 million a month on AI tools, according to the bank’s new payments data.

Fintech

+2

Worldline stays in the frame after finalising divestment of Paymark to Cuscal

Jun 3, 2026

Worldline stays in the frame after finalising divestment of Paymark to Cuscal

Worldline has finalised the divestment of New Zealand’s iconic EFTPOS player, Paymark, to Cuscal for $27.5 million ... but the troubled European payments services business will continue to provide tech and software to Cuscal during a transition phase.

Merchant Service Fees

+1

Yale professor tells Federal Court of Mastercard’s “carrot and stick”

Jun 3, 2026

Yale professor tells Federal Court of Mastercard’s “carrot and stick”

Over the past five weeks, Mastercard have squared off with the ACCC in what is proving to be an epic competition law trial in the Federal Court in Sydney, reports Ian Rogers from inside the court.

Fintech

+1

Afterpay’s stadium deal signals an aggressive return to the market, with Square by its side

May 27, 2026

Afterpay’s stadium deal signals an aggressive return to the market, with Square by its side

After cutting its local workforce and settling into Australia’s new Buy Now Pay Later regulatory regime, Afterpay is fighting for a bigger slice of the market with a massive stadium sponsorship, going toe to toe with PayPal and the banks.

Fintech

+2

AP+ compliance breaches shrouded in secrecy as incident concerns rise

May 27, 2026

AP+ compliance breaches shrouded in secrecy as incident concerns rise

A published "naughty list" of NPP breaches fails to properly name the companies responsible or the penalties applied, despite increasing concern about recent incidents like the $3 million social media fraud scheme that forced fintech Revolut to suspend its PayTo service.

Fintech

+1

Fintechs scraping bank screens are running out of road: SISS

May 27, 2026

Fintechs scraping bank screens are running out of road: SISS

Australia's screen scraping era is winding down. Banks are layering on multifactor authentication, the Consumer Data Right (CDR) is finally usable at scale, and consumers are twitchy about handing over their internet banking passwords.

Fintech

+1

From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition

May 27, 2026

From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition

ASIC is preparing a pathway for payments fintechs and platforms like Stripe, Block, PayPal and Tyro to ramp up competition with banks in the increasingly hot business lending market and Buy Now Pay Later.

Digital & Online

Novatti helps UNSW expand payment options for Chinese students

May 27, 2026

Novatti helps UNSW expand payment options for Chinese students

A top Australian university has partnered with Novatti to integrate Chinese payment platform Alipay and make fee payments more accessible for international students.

Digital & Online

+1

Ordermentum secures $55m backing to scale AI-powered infrastructure

May 27, 2026

Ordermentum secures $55m backing to scale AI-powered infrastructure

Hospitality ecommerce startup Ordermentum has attracted a $55 million investment to support the company’s next phase of growth, including AI deployment and targeted acquisitions.

Scams & Fraud

Scamwatch warns of fake crypto platform scams

May 27, 2026

Scamwatch warns of fake crypto platform scams

The Australian Securities and Investment Commission (ASIC) and the National Anti-Scam Centre (NASC) have warned Australians to be on the lookout for fake crypto asset trading platform scams.

Surcharging

+1

Schemes to play cop as the ACCC walks away from surcharging beat

May 27, 2026

Schemes to play cop as the ACCC walks away from surcharging beat

The ACCC is walking away from its role of regulating and policing card surcharging, leaving it to the big card companies – Visa, Mastercard, Amex and eftpos - to enforce their own “rules” from October 1 ... rules that are not yet public or understood.

Banks

+1

Visa ascendent in business card market as Westpac switches

May 27, 2026

Visa ascendent in business card market as Westpac switches

Westpac moves new customers to Visa’s B2B ecosystem as the softer mortgage market focuses major banks even more intensely on business lending.

Merchant Service Fees

+3

Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

May 27, 2026

Webjet falls victim to RBA payments changes as Virgin returns to in-house package tours

Virgin is quickly following Qantas into package tours and non-card partners as it moves to counter cuts to interchange and the card surcharging ban ahead of their implementation on October 1.

Fintech

+1

Zii quietly enters the UK PSP market

May 27, 2026

Zii quietly enters the UK PSP market

Aussie PSP Zii has opened up shop the UK with little fanfare, joining Zeller in its pursuit of greener pastures in the British Isles.

Fintech

+1

Box seats for A2A faithful as AP+ opens the kimono at PSP forum

May 26, 2026

Box seats for A2A faithful as AP+ opens the kimono at PSP forum

A large group of account to account (A2A) fintechs including Azupay, Bolt Group, Constantinople, DSPANZ, Fat Zebra, Flash Payments, Fusion Pay, Global Payments, GoCardless, Linkly, Merchant Warrior, Monoova, Ozedi, Paydock, Paypa Plane and Stripe have been given a front row seat on development of the New Payments Platform as the debate over its vision and roadmap intensifies.

The Interchange Bench

The Interchange Bench

May 26, 2026

The Interchange Bench

On The Interchange Bench this week, Lee sleeps rough for charity, Steel saves time with NAB app update, Mansi jumps from Qantas Pay to CBA, Wood talks up PayTo as Azupay goes to uni and Yencken welcomes Hair to head of platform sales.

Regulation

+2

ACCC assesses competition impact of Mastercard’s BVNK acquisition

May 20, 2026

ACCC assesses competition impact of Mastercard’s BVNK acquisition

The ACCC has called for submissions about the potential competition impacts of Mastercard’s proposed $1.8 billion acquisition of stablecoin infrastructure company BVNK.

Cash

+3

Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%

May 20, 2026

Bank flags help catch smoke crooks, as Tyro cuts tobacco list by 30%

Bank reporting of illegal tobacco to AUSTRAC is ramping up and starting to have real world impacts, with suspect funds being confiscated after accounts were flagged by ANZ and Westpac. But there is a lot more to be done ... stores remain open and the trade continues to shift online, as illicit alcohol looms as the next big underworld threat.

Banks

+1

Budget plan to share tax data could reduce mortgage fraud

May 20, 2026

Budget plan to share tax data could reduce mortgage fraud

ATO data shared via the Consumer Data Right may not just speed up rental and loan applications, but also help the banks fight their $3 billion mortgage fraud problem.

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