PayDay News July 29

Bolt/Bano’s future in New Zealand clouded by Australian court loss

By Michael Sainsbury, Senior Business Correspondent

After being disconnected from A2A platforms in Australia by Banking Circle due to AML compliance concerns, all signs point to Bolt Group having partnered with Westpac in nearby New Zealand where the anti-money laws are similar - but fintech promoters claim that they should have different obligations to banks.

Read more
 

Finished twice, never lodged: the cash pricing model on ice as it outlives its own permission slip

By Alex Zaharov-Reutt, Technology Reporter

Declared complete twice, nine months apart, the Independent Pricing Mechanism (IPM) for cash still hasn’t emerged despite the ACCC authorisation covering it expiring on 30 June. One ATM operator got out early and took a price hit to do it.

Read more
 

ACCC sets ground rules for cash and A2A discounts ahead of card surcharge bans

By Warwick Ponder, Editor

The ACCC has issued long-awaited guidance on how businesses can legally alert customers to cash, PayTo, PayID and other non-card payment method discounts, providing merchants with greater certainty just weeks before Visa, Mastercard, eftpos and Amex begin enforcing their new "no surcharge" rules from 1 October 2026.

Read more
 

Kiwis business case for centralised real-time payments delayed

By Michael Sainsbury, Senior Business Correspondent

Unlike Australia, where the private sector runs the distributed real-time NPP network, New Zealand's central bank has taken control, but a long-promised business case, now more than a month overdue, is expected to model India’s centralised UPI.

Read more
 

CBA builds tokenised deposit capability and joins a global stablecoin consortium, as ANZ readies cross-border digital money

By Alex Zaharov-Reutt, Technology Reporter

Australia's biggest bank CBA is working on the tokenised deposits capability, and with a global consortium for stablecoins, as it looks for faster ways to move money around the world.

Read more
 

PayPal tops AFCA merchant facilities complaints with Stripe close behind

By Warwick Ponder, Editor

PayPal remained the most complained-about merchant facilities provider in Australia during the 2025-26 financial year, with new Australian Financial Complaints Authority (AFCA) data showing payment service providers continuing to dominate complaint volumes ahead of the major banks.

Read more
 

Why isn't the NPP at the checkout?

Commentary by Vibhu Arya, Guest Contributor

Nearly a decade after the NPP launched, you still can't use it to pay for your coffee, your haircut, or your movie ticket. As the RBA launches its next review of retail payments Vibhu Arya, the former Country Leader for Payments & Financial Services at IKEA Australia New Zealand, explores why he thinks better NPP access for fintechs will open the door to A2A payments in retail.

Read more
 

The Interchange Bench

On The Interchange Bench this week, CommBank builds up Trans-Tasman payments capability, Churchward stars in Cuscal’s show at WCUC, Pierce lands Qld Head of Fraud, Inman moves to integration and routing startup kadosei, Fisher shifts from Paydock to AI-focused ClearRoute and My Net goes early on surcharge ban.

Read more
 

Tyro and GapOnly launch portal to streamline pet insurance claims

By Staff Reporter

Tyro Health has launched a new GapOnly Vet Portal that combines real-time pet insurance claims and digital payments in a single workflow for veterinary clinics.

Read more
 

Agentic AI set to redefine global B2B payments: Mastercard and Sunrate

By Warwick Ponder, Editor

With the RBA watching closely at developments in AI commerce, a joint white paper by Mastercard and Sunrate argues AI agents will move beyond automation to independently manage complex cross-border payment workflows, with governance and trust emerging as the critical challenges.

Read more
 

Can you air-gap Visa? ASD's 3-month isolation target meets Australia's payment rails

By Alex Zaharov-Reutt, Technology Reporter

The Australian Signals Directorate today released revised advice on cutting critical infrastructure off from the internet, corporate networks and everything else.

Read more
 

No need for myki – Victoria’s buses complete the $2 billion tap puzzle

By Warwick Ponder, Editor

Better late than never. Victorians and visitors to the Garden State no longer need to struggle with myki. From this week, you can tap your credit and debit card to pay for all public transport, including buses.

Read more
 

Hello Clever targets Stripe Connect with real-time platform launch

By Warwick Ponder, Editor

Sydney-based fintech Hello Clever has launched a new payments platform product aimed squarely at competing with Stripe Connect, promising real-time settlement, dedicated merchant accounts and simpler integration for marketplaces, SaaS providers and gig economy platforms.

Read more
 

Adyen powers GRYPHLINE payments for launch of Arknights: Endfield

By Staff Reporter

Dutch payments giant Adyen has strengthened its presence in the global gaming sector by powering payments for the worldwide launch of Arknights: Endfield, highlighting the growing importance of high-performance payment infrastructure for Australian gamers and international game publishers alike.

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