PayDay News February 18

PayTech merger talk as banks demand controls over “free ride” NPP entrants

By Warwick Ponder, Editor

With growing rumours about consolidation of real time PayTech companies, the big banks want them to cough up extra dollars for network builds and provide more assurances that new entrants can be trusted.

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Apple Pay dominance is “good for competition”: Apple

By Warwick Ponder, Editor

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.

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

By Warwick Ponder, Editor

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

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Small business unites against card scheme "margin grab"

By Michael Sainsbury, Senior Business Correspondent

Ahead of hearings next week, 24 submissions - and counting - have been published by the parliamentary inquiry, with banks joining business in fingering card schemes as a major problem.

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The Interchange Bench

On The Interchange Bench this week Tyro resorts to mixed martial arts, Cowan reflects on three decades in payments, May Lam wins an Info-Tech’s IT title, NSW sneaks out Digital ID, Virgin punches out big rewards offers, NAB gets an acquiring popularity gong and AusPayNet hosts another private A2A gaggle.

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Payments recruiter turns industry model on its head with fixed-price search

Sponsored Content by Michael Sainsbury, Senior Business Correspondent

EasyTalent founder Craig Danvers says commission-based agencies can no longer justify their fees in an era where LinkedIn has democratised candidate access.

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

By Peter Drennan, Senior Business Analyst

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.

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CBA takes the lead on scams and fraud as credit growth bolsters banks

By Michael Sainsbury, Senior Business Correspondent

Granular detail on scams and fraud released by the Commonwealth Bank (CBA) throws down the gauntlet to its competitors.

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Cash demand up at branches as closures continue

By Warwick Ponder and Peter Drennan

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.

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Europe aims for payments sovereignty in break from US networks

By Warwick Ponder, Editor

In an increasingly uncertain global economy, Europe is rushing the rollout of a ubiquitous payments capability free from US and other foreign networks.

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DJs adopts Weixin Pay for big spending Chinese tourists

By Warwick Ponder, Editor

David Jones now accepts Weixin Pay – formerly known as WeChat Pay - enabling big spending Chinese customers to make purchases at preferential exchange rates, and eliminating the need for cash or cards.

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“Shout” fades as Aussies hit their spending limit

By Rachel St Clair, Reporter

According to new data from Tyro, one in three Aussies are ditching “the shout” because they’re tightening their belts.

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PayPal “sleepy shopping” data reveals cost of late-night spending

By Rachel St Clair, Reporter

Australians are paying the price for late night shopping binges, according to PayPal.

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