Big banks fight to compete online, as rumours rage on Stripe PayPal buyout

Warwick Ponder
Editor
4 Mar, 2026
Aussie banks are struggling to compete with easy to use and fee-heavy plugins and apps in Australia’s fastest growing payment category - online - as talk of a Stripe takeover of PayPal and Block shedding jobs floods the market.
Big banks fight to compete online, as rumours rage on Stripe PayPal buyout

Aussie banks are struggling to compete with easy to use and fee-heavy plugins and apps in Australia’s fastest growing payment category - online - as talk of a Stripe takeover of PayPal and Block shedding jobs floods the market.

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Scams, AI attacks and constant availability are testing payments workers’ wellbeing, from fraud desks to armoured trucks, as employers face pressure to address workloads, recovery time and job
Hello Clever’s people chief Celia Baée says payments businesses must look beyond wellbeing programs, building trust through accountable leadership, sustainable workloads and support as AI and rapid change
AusPayNet’s Annette Young says staff wellbeing underpins payments resilience, urging employers to provide clarity, build confidence with AI and collaborate on the human impact of technological change.
Global Payments’ Colin Baines says round-the-clock demands, cyber risks and technological change require sustainable workloads, practical support and leaders who treat staff wellbeing as a shared responsibility.
American Express may face an acceptance revolt beyond the government, council and retail business that already block its cards in Australia. Three of Australia’s major banks – Westpac,

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