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PayDay News | Australian Payments News

Fintechs grapple with stark no-surcharge future

Editor
1 Apr, 2026
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Warwick Ponder
Editor
1 Apr, 2026
Add us as a preferred source on Google
Following the Reserve Bank’s no surcharge decision, a gaggle of well-known fintechs including Zeller, Shift4, Zero, PayNuts, Square and Tyro may need to rebuild their business models and, in some cases, technology stacks, or risk losing massive market share back to the big banks.
Fintechs grapple with stark no-surcharge future
CEO of Tyro, Nigel Lee (left), Zepto Founder & CEO, Matt Cheers (centre) and Zero Payments boss Lucius Orsini (right) have all commented on RBA’s decision.

Following the Reserve Bank’s no surcharge decision, a gaggle of well-known fintechs including Zeller, Shift4, Zero, PayNuts, Square and Tyro may need to rebuild their business models and, in some cases, technology stacks, or risk losing massive market share back to the big banks.

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