Archive | PayDay News

Fintech

Oct 7, 2025

Global card schemes and PSPs minimise their Australian tax

Booking revenue offshore, returning funds to offshore parents and other sophisticated tax tricks mean multinational payments and tech giants are contributing little to the tax base, despite billions in revenues.

Fintech

Oct 7, 2025

Monoova adds PayTo for WooCommerce merchants

Monoova customers will now be able to make instant, secure payments directly to their bank accounts with the payment service provider adding PayTo to its card-acquiring and PayID plug-in for WooCommerce merchants.

Cash

Oct 7, 2025

No detail as Deloitte report on cash distribution “finalised”

Deloitte Access Economics has provided their final "independent" pricing mechanism report to Armaguard, the major banks and some major retailers, with it announced on Friday without any detail.

Cash

Oct 7, 2025

Online set to dominate card transactions by end of 2026

The latest RBA payments data reveals Australian card spending retreated to $92 billion in August, while device-not-present transactions broke through 45% of total payments for the first time, putting online and bill payments on track to dominate by end of 2026.

Fintech

Oct 7, 2025

PayPal, CBA and Stripe rack up most complaints at AFCA

In 2025 PayPal overtook CommBank in the volume of merchant complaints filed with the Australian Financial Complaints Authority. Official AFCA data also shows complaints were received from users of ANZ “merchant facilities” even though the bank exited merchant acquiring in 2022.

Merchant Service Fees

Oct 7, 2025

Rewards market can thrive without interchange – and already does

The average Aussie spends about $20,000 a year on their credit card, but despite the hype you don’t need to spend a cent on it to get rewards.

Fintech

Oct 7, 2025

Zeller sets sights on UK’s £1.3 Trillion SME Market

Melbourne blended rate PSP Zeller has set its sights on the UK as the first step in a “global expansion” strategy.

Cash

Sep 30, 2025

A big first year – our biggest stories

PayDay News celebrates its 1st birthday in October, so we thought it timely to revisit some of our biggest and most popular of the 400 stories published in our first year.

Digital & Online

Sep 30, 2025

Australia moves to build crypto guardrails as payments integration accelerates

The government has released draft laws to license exchanges and issuers, ASIC has granted temporary relief for stablecoin distribution, and global players from PayPal to IG Group are reshaping Australia’s crypto payments landscape.

Crypto

Sep 30, 2025

Hana Wallet launches mobile-first, crypto card

Spending crypto via Apple Pay and Google Pay just became easier via a new virtual pre-paid crypto card launched by Sydney decentralised finance start up Hana Wallet.

Cards

Sep 30, 2025

IGA offers rewards and cash back

Shoppers at IGA supermarkets can now enjoy rewards and cashback offers in a move that goes head to head with Coles Flybuys and Woolworths Rewards programs.

Sep 30, 2025

Keeping the bastards honest - PayDay News turns one

"As we move into our second year at Payday News, I like to think of our role being like that of Senator Don Chipp who in 1980 said famously that his job was “To keep the bastards honest”. Clearly, we have our work cut out for us."

Fintech

Sep 30, 2025

Merchants wait on Chalmers to close AFCA scheme loopholes

Small business customers of ANZ Worldline Payment Solutions and the Fiserv-owned Clover platform are unable to lodge claims against either provider with the Australian Financial Complaints Authority. While both acquirers are exempt from having to submit to AFCA’s jurisdiction, their non-participation in the dispute resolution scheme highlights a loophole that lawmakers have failed to close.

The Interchange Bench

Sep 30, 2025

Movement at Worldline, Tyro hires for growth and more interchange shenanigans

In our first edition of our breaking news and gossip column, Interchange Bench, we look at executive changes at Worldline Australia and Tyro, as well as continuing shenanigans in the murky world of interchange lobbying.

Fintech

Sep 30, 2025

Payments companies looking more like banks as they grow business loans

In what appears to be a growing trend taking lending share from traditional banks, PayPal Australia has loaned $1.5 billion to Australian small businesses since launching the service to its payments customers in 2014.

Cash

Sep 30, 2025

Pocket money payments up 300% ... but kids learn along the way

Inflation is hitting parents’ hip pockets, with new Westpac data revealing more than half of Australian children are earning on average $25 per week – roughly 300% more their parents did back in the day.

Cash

Sep 30, 2025

RBA outlines action plan on payments resilience

The Reserve Bank has outlined an action plan to improve payments resilience over the next two years as outages continue to rock public confidence in the system.

Digital & Online

Sep 30, 2025

Regulators turn spotlight back on CHESS after blockchain misstep

The 10 year ASX saga to upgrade its ageing settlements and clearances infrastructure continues, amidst a new ASIC probe and a fail from the RBA in its latest report.

Fintech

Sep 23, 2025

ANZ Worldline's Discover deal brings 378 million extra cards

In his first major announcement since being appointed interim CEO at ANZ Worldline, John Collins, has sealed a deal that enables his merchant customers to accept millions of extra international cards.

Banks

Sep 23, 2025

Bank Australia launches translucent recycled plastic cards

Bank Australia has launched a range of translucent credit and debit cards made from recycled plastic.

Merchant Service Fees

Sep 23, 2025

Banks and card schemes rebuked over threats on fraud, fees and rewards

Lobbyists at the Australian Banking Association (ABA) were left red faced this week after being roundly rebuked over their relentless public threats to throttle spending on fraud protection, discount rewards points and ramp up card fees.

Cash

Sep 23, 2025

'Bestie Tax' bites Australian generosity, PayPal data shows

Paypal has revealed the true impact of the ‘Bestie Tax’ – the silent cost of sparing friends’ feelings at the expense of your own wallet.

Fintech

Sep 23, 2025

Clover launches Apple’s Tap to Pay

Clover has launched a new update, enabling Apple's Tap to Pay on mobile phones through its app in Australia.

Digital & Online

Sep 23, 2025

Derelict devices put spotlight on AusPayNet

For many years the Reserve Bank has set an expectation on financial institutions to improve the reliability of payment services. So, how is it that banks and other providers are able to sell or rent payment devices that don’t work or appear to break down easily?

Fintech

Sep 23, 2025

Ezypay acquired by US tech company, Xplor

Sydney payments fintech Ezypay has been acquired by US tech company, Xplor Technologies, for an undisclosed sum.