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PayDay News | Australian Payments News

Westpac and NAB ramp up as paytechs grab small business lending

Senior Business Correspondent
6 May, 2026
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Michael Sainsbury
Senior Business Correspondent
6 May, 2026
Add us as a preferred source on Google
Australia's banks are finally waking up to small business as data driven payments operators like PayPal, Square, Tyro, Stripe and BNPL offer easier credit options through “embedded finance” often linked to transactions.
Westpac and NAB ramp up as paytechs grab small business lending
General Manager of PayPal Australia Andrew Toon (left), NAB CEO Andrew Irvine (middle) and Tyro CEO Nigel Lee (right). Background image generated by AI.

Australia's banks are finally waking up to small business as data driven payments operators like PayPal, Square, Tyro, Stripe and BNPL offer easier credit options through “embedded finance” often linked to transactions.

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