PayDay News April 22

Mystery to shroud BECS future until July: AusPayNet

By Warwick Ponder, Editor

Despite potential impacts on NPP-centric fintechs and other payments stakeholders, AusPayNet won’t make public the results of its assessment of options to upgrade the Bulk Electronic Clearing System (BECS) until July.

Read more
 

As fuel soars Visa and Mastercard take aim at Australia's fleet card market

By Michael Sainsbury, Senior Business Correspondent

The global payments giants are partnering with big banks like Westpac to move into territory long dominated by Fleet Card and WEX's Motorpass, and petrol station operators said the incumbents have had it too good for too long.

Read more
 

Cash use trending up and “essential”: RBA

By Warwick Ponder, Editor

With $107 billion in cash notes circulating in the economy, the Reserve Bank reaffirms its commitment to “ensure cash remains a viable means of payment". New data shows around half of Australians use cash every week, and about 1.5 million adults rely on it as their main form of payment.

Read more
 

Why the Government won’t move to NPP except in emergencies

By Warwick Ponder, Editor

The Reserve Bank has told a Parliamentary Inquiry why Government agencies aren’t moving to the New Payments Platform except in emergency situations - and it’s still all about bulk payments, reach, resilience and cost.

Read more
 

Transport for NSW delivers concession transit while Littlepay turns on Wellington tap

By Warwick Ponder, Editor

While Melbourne’s myki tap and go transit payments trial continues, a local fintech has delivered a working system to New Zealand’s capital Wellington in just 6 months. Meanwhile, NSW has finally delivered a tap option for concession travellers.

Read more
 

Cuscal spends $48m on NZ EFTPOS network amid sector modernisation program

Commentary by Michael Sainsbury, Senior Business Correspondent

The Reserve Bank of New Zealand is keen to prioritise an account-to-account network but industry body Payments NZ is concerned that security issues should take priority.

Read more
 

The NFC chip, the banks, and the distraction from the bigger payments fight

By Alex Zaharov-Reutt, Technology Reporter

As the Reserve Bank mulls over the scope of its second payments consultation, it must consider whether regulating Google and Apple will really produce a more resilient and efficient payments system for consumers and merchants, or just a deliver a win for the banks?

Read more
 

ASX finally live with $125m CHESS Release 1

By Warwick Ponder, Editor

After years of regulatory pressure and a significant system crash, the ASX is finally live with CHESS Release 1, with all Approved Market Operators (AMO) advised they were successfully connected this week.

Read more
 

Wake up! Only 162 days before surcharge ban kicks in

Commentary by Brad Kelly, Payments Expert

With just 162 days left until the first round of changes to Australia’s retail payment system, the payments industry is having mixed reactions to the most significant changes in a generation, but you wouldn’t know it.

Read more
 

PayNuts unveils refreshed brand and solutions

By Rachel St Clair, Reporter

PayNuts has unveiled a refreshed brand identity and an expanded suite of integrated business solutions designed to woo small businesses.

Read more
 

The Interchange Bench

On The Interchange Bench this week, the RBA PR machine goes nuts on cash, APRA passes the buck on Binance, Azupay urges merchants to switch to NPP, Airwallex invests in C-suite compliance, Pay.com.au packs up its IPO, Kemper to head SEON commercial, NAB searches for of real-time tech head, AMEX joins the AI party and Bolt goes to Bangkok.

Read more
 

Sydney’s Hello Clever teams with Checkout.com on global AI and rewards play

By Staff Reporter

A new deal with Checkout.com aims to further expand Sydney based Hello Clever’s international growth strategy, having already established regional headquarters in Singapore, New York, and Tokyo.

Read more
 

Perfume and petrol: what two April data drops reveal about the Aussie wallet

By Alex Zaharov-Reutt, Technology Reporter

Experian's latest Business Pulse paints one picture of the Australian consumer. CommBank's March Household Spending Insights paints another. Read them side by side, and the shape of 2026 gets interesting fast.

Read more
 

Global processor Paymentology partners with Cuscal and Constantinople to expand into Australia

By Rachel St Clair, Reporter

Global issuer-processor, Paymentology is expanding down under forming strategic partnerships and marking a significant milestone in its global expansion strategy.

Read more
 

Blackhawk launches stored value platform for consumer engagement

By Rachel St Clair, Reporter

The new platform unifies refunds, promotional dollars, loyalty rewards and gift cards into one consumer balance that serve as retention and marketing tools for brands.

Read more
 

IN CASE YOU MISSED IT…

2026 marks the 42nd anniversary of the first electronic payment made in Australia

To mark this special occasion, PayDay News is looking back, and forward in this special edition.

Read more
 

Have a news story to share?

Send it through to gabby@paydaynews.com.au for consideration.

 

Upgrade to a premium subscription now:

Click here to upgrade

you can pay annually or monthly

For any enquiries regarding PayDay News, please contact gabby@paydaynews.com.au

 

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information