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PayDay News | Australian Payments News

Payments companies looking more like banks as they grow business loans

Editor
1 Oct, 2025
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Warwick Ponder
Editor
1 Oct, 2025
Add us as a preferred source on Google
In what appears to be a growing trend taking lending share from traditional banks, PayPal Australia has loaned $1.5 billion to Australian small businesses since launching the service to its payments customers in 2014.
Payments companies looking more like banks as they grow business loans
PayPal Australia General Manager Andrew Toon says many small businesses in Australia find getting a loan from traditional banks extremely difficult. Photo credit: Amina Filkins.

In what appears to be a growing trend taking lending share from traditional banks, PayPal Australia has loaned $1.5 billion to Australian small businesses since launching the service to its payments customers in 2014.

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