INIT and Trapeze big winners in $820m Opal 2.0 upgrade deal

Warwick Ponder
Editor
29 Apr, 2026
NSW commuters will see enhanced services, a new Opal app and the rollout of 25,000 new readers, under a $820m deal announced by the NSW Government yesterday. Officials compared the upgrade to replacing tech from “the start of the century such as the Blu-Ray Player and the first Blackberry”.
INIT and Trapeze big winners in $820m Opal 2.0 upgrade deal

NSW commuters will see enhanced services, a new Opal app and the rollout of 25,000 new readers, under a $820m deal announced by the NSW Government yesterday. Officials compared the upgrade to replacing tech from “the start of the century such as the Blu-Ray Player and the first Blackberry”.

Subscriber article

This article is available to PayDay News subscribers.

trending

Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees by scheme, and up five basis points over
The end of card surcharging on October 1 has merchants across Australia looking at ways to hand out and handle more cash.
On The Interchange Bench this week, Brazil’s A2A network draws a tariff, a fake Matt Comyn offers us US $35 million in a Whatsapp scam, former RBA payments
The Commonwealth Bank says escalating geopolitical tensions, cyber threats and artificial intelligence are transforming operational resilience from a compliance obligation into a competitive advantage for financial institutions and
Three reforms are converging to strengthen PayTo, delivering stronger consumer protections, clearer fraud liability and greater confidence in account-to-account payments as merchants search for trusted, low-cost alternatives to

RELATED STORIES ▸

Visa credit hits 1%, the largest annual fee rise of any scheme
Visa credit hits 1%, the largest annual fee rise of any scheme
Visa credit hits 1%, the largest annual fee rise of any scheme
Visa's average credit card merchant fee reached 1.00% in the June quarter, the highest since the RBA began publishing fees ...
ATO confirms card payments review, with Amex ban talk rife
ATO confirms card payments review, with Amex ban talk rife
ATO confirms card payments review, with Amex ban talk rife
After pushing the Reserve Bank of Australia (RBA) to allow a surcharge ban, card schemes have already been ejected from ...
NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms
NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms
NAB, MyCard lift card fees, Coles cuts rewards as RBA date looms
CBA modelling has put Amex and other three-party schemes as the biggest winners from the Oct. 1 interchange caps, as ...
HSBC retail exit leaves future of Australian credit card portfolio in limbo
HSBC retail exit leaves future of Australian credit card portfolio in limbo
HSBC retail exit leaves future of Australian credit card portfolio in limbo
Just weeks after being slapped with a $35 million fine for failing to protect scam victims, HSBC's decision to exit ...
No need for myki – Victoria’s buses complete the $2 billion tap puzzle
No need for myki – Victoria’s buses complete the $2 billion tap puzzle
No need for myki – Victoria’s buses complete the $2 billion tap puzzle
Better late than never. Victorians and visitors to the Garden State no longer need to struggle with myki. From this ...
NSW payments strategy focused on real-time, fraud resilience and digital government
NSW payments strategy focused on real-time, fraud resilience and digital government
NSW payments strategy focused on real-time, fraud resilience and digital government
The NSW Government has unveiled its first Payments Strategy, positioning the state as a major driver of Australia's payments modernisation ...

Got a story to share?

Get in touch with PayDay News today!

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