Archive | PayDay News

Fintech

Mar 4, 2026

Mixed results for listed pay firms, with Tyro and Cuscal profits up, revenue slower

BNPL player Zip is now heavily dependent on its US business and like Beforepay, it is struggling to impress investors.

Cards

Mar 4, 2026

No new pay Apps on iPhone NFC! But Apple says Aussie developers are “well down the path”

While “numerous” developers have been allowed to work on Apple’s prized NFC chip in Australia, the tech giant has told a parliamentary inquiry that a new payments app is yet to emerge.

A2A

Mar 4, 2026

Osko and SCT join in A2A harmony

Australian Payments Plus (AP+) is harmonising its New Payments Platform (NPP) push payments offering by merging the Single Credit Transfer (STC) and Osko services into one.

Fintech

Mar 4, 2026

ParliPay - hours of action-packed TV with a pinch of fiction

Last week I spent two days watching the parade of banking and payment seniors strut their stuff in Canberra at the House Economics Committee – the ParliPay hearings.

A2A

Mar 4, 2026

ShopBack abandons instore QR payments experiment

Westpac-backed rewards and cashback platform, ShopBack has announced it is walking away from its instore QR payments product ShopBack Pay, only a year after announcing a partnership with Chemist Warehouse and Banked.

Merchant Service Fees

Mar 4, 2026

The great loyalty shake-up: Australia's biggest brands rewire rewards

Australia's loyalty landscape is being redrawn by regulatory pressure, cost-of-living anxiety and a retail data goldrush where every payment is a data point that’s sold and shared.

The Interchange Bench

Mar 4, 2026

The Interchange Bench

On The Interchange Bench this week Shane Healey takes the baton from Paul Askew on the AP+ Board, Greg Smith goes Global with eCommerce products, Block locals take stock after Jack Dorsey’s jobs slashing, Danvers job board provides options for payments nerds looking for work and there’s also work in Cuscal’s strategy team, Visa’s David Peacock goes to Auckland and Westpac gets a new payments leader in Andrew Kulmann.

Digital & Online

Mar 4, 2026

Troubled Airwallex announces partnership with Bombers

Airwallex continues its sporting campaign march, this time onto the oval with the Bombers, despite AUSTRAC woes.

Fintech

Feb 25, 2026

Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA

While a few hopeful fintechs are expecting government to support a massive shift to account-to-account (A2A) POS payments, Apple and the RBA said the country’s infrastructure is geared towards EMV card payments and simply isn’t ready.

Fintech

Feb 25, 2026

Bills-for-points fintechs surge as Pay.com.au float looms

A wave of Australian platforms letting businesses put payables on cards to earn frequent-flyer points is accelerating in a sector shaped as much by loyalty economics as payments innovation.

Fintech

Feb 25, 2026

CBA buys in Dynamic Least-Cost Routing and outage resilience with IPSI

The country’s biggest bank will be able to offer customers Dynamic Least-Cost Routing (DLCR) and improved outage resilience by year end, after it snapped up local innovative fintech IPSI.

Merchant Service Fees

Feb 25, 2026

Global payments consultancy BBMS enters Australia as surcharging ban looms

With the RBA’s card surcharging ban set to hit in July, London-based payments veteran Neil Fillbrook is bringing BB Merchant Services’ forensic cost-reduction model to Australia — promising average savings of 23% for businesses.

Digital & Online

Feb 25, 2026

Inside Banking Circle’s play to reshape payments and lead stablecoin down under

With a proven euro stablecoin already in circulation, Banking Circle is laying the groundwork for what could become Australia’s most significant bank-backed digital currency infrastructure - arriving at precisely the moment regulators are finally writing the rules.

Fintech

Feb 25, 2026

Latitude hits new altitudes in credit card spending

A 59% jump in cash profit sparked a rally in Latitude Group shares last week, with the company’s 2025 results shows a sharp increase in credit card spend.

Merchant Service Fees

Feb 25, 2026

“Monopoly” schemes and blended rates killing retail payments competition, says committee

A parliamentary inquiry into card schemes and digital wallets has labelled the dominance of US card schemes in Australia a “monopoly”, while others said the benefits of least-cost routing are being eroded by pervasive blended rate plans.

Banks

Feb 25, 2026

NAB’s Citi gamble enters the proof phase as consumer bank execution comes into focus

With migration complete and proprietary lending rising, NAB is betting scale in cards and direct mortgages will lift returns, but market share and margins indicate the next phase depends on execution.

Digital & Online

Feb 25, 2026

RBA releases details of CS crisis powers to protect financial markets

The Reserve Bank of Australia (RBA) has published its rules for intervening if there is a threat to domestic financial stability or to the continuity of the Clearing and Settlement (CS) facility’s services that are critical to the functioning of the financial system in Australia.

Merchant Service Fees

Feb 25, 2026

The $2 Billion scheme fee black box

A marathon day of parliamentary testimony revealed a payments system where nobody admits to being dominant, nobody can fully explain where the money goes, and Australia’s small businesses are caught in the crossfire between banks, card schemes, and big tech.

The Interchange Bench

Feb 25, 2026

The Interchange Bench

On The Interchange Bench this week Alison Morris has a big new role at Global Payments, Cuscal delivers half year lift, Matthew Lee looks at MasterCard’s business performance, Karthik Ramamurthy gets a product promo at AP+, Tyro unleashes Alexander “The Great” on Melbourne and its half year results, and Azupay’s in the Clover.

Fintech

Feb 25, 2026

Threatened “Zero Cost” Smartpay changes name and wants AusPayNet review

With its business model on the brink, blended rate terminal operator Smartpay has changed its name and come out swinging on surcharge regulation, scheme fees, Apple Pay and big bank dominance, including the role of the industry’s “governance body” AusPayNet.

Fintech

Feb 25, 2026

UK’s Volt joins busy “Identified” NPP lineup to target recurring payments

UK-based Volt has joined a growing number of companies accessing the New Payments Platform as “identified institutions” via direct connectors, as a gateway to the Australian payments system.

Banks

Feb 18, 2026

After a booming profit, CBA now says domestic issuing and acquiring run at a loss!

Australia’s biggest bank claims its domestic issuing and acquiring businesses are losing money.

Digital & Online

Feb 18, 2026

Apple Pay dominance is “good for competition”: Apple

Regulation of Australia’s dominant mobile wallet Apple Pay will hurt consumers and small banks trying to compete with the Big 4, according to Apple.

Cash

Feb 18, 2026

Australia breaks new records on card spending ... and merchant fees

New data shows 2025 saw record card usage in Australia, but fees charged to merchants for accepting those cards also increased across almost all card categories.

Cash

Feb 18, 2026

Cash demand up at branches as closures continue

The latest Reserve Bank of Australia (RBA) statistics show demand for cash remains strong at bank branches, while some banks continue to close their doors at globally high rates.