LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

Payments reforms put global providers in the frame

Senior Banking and Financial Services Correspondent
10 Sep, 2025
Add us as a preferred source on Google
George Lekakis
Senior Banking and Financial Services Correspondent
10 Sep, 2025
Add us as a preferred source on Google
After years of deliberation and delay, federal parliament has finally passed changes to the Payments System Regulation Act. While the reforms give the Treasurer new special powers to designate payments systems in the ‘national interest’ they are unlikely to advance the RBA’s mandate to support competition. Currently only eftpos, NPP, Visa and MasterCard are designated payment systems.
Payments reforms put global providers in the frame
PayDay News

After years of deliberation and delay, federal parliament has finally passed changes to the Payments System Regulation Act. While the reforms give the Treasurer new special powers to designate payments systems in the ‘national interest’ they are unlikely to advance the RBA’s mandate to support competition. Currently only eftpos, NPP, Visa and MasterCard are designated…

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

Post office overhaul could further shrink cash and payments capability
Australia Post promises at least 4,000 retail outlets, but some already operate without cash and hundreds lack Bank@Post, raising questions about what cash and payment services will survive
The Interchange Bench
On The Interchange Bench this week, TNS promotes PAX chief Johnson to global role, Walsh appointed pay’s marketing chief, Younes takes on platforms at Stripe, Edwards lands as
Coles Pay closes as the company steps into bank rewards void
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut credit card perks, reframe loyalty offerings and consumers
ASD warns Australian online stores under active cyber attack
Australian merchants using Adobe Commerce and Magento were last week urged to apply security patches immediately after authorities warned a critical vulnerability was being actively exploited.
AUSTRAC crackdown is good for Aussie crypto, executives say
Crypto executives say AUSTRAC’s recent crackdowns will strengthen the industry’s legitimacy.

RELATED STORIES ▸

November 1 is when things get messy
November 1 is when things get messy
November 1 is when things get messy
When the first post-surcharging merchant statements hit struggling small businesses on 1 November, expect a loud and ugly reaction to ...
How the Amex surcharge escape clause works
How the Amex surcharge escape clause works
How the Amex surcharge escape clause works
In a regulatory free environment, American Express has created a Supplier Trade Fee (STF) allowing eligible B2B merchants to recover ...
Coles Pay closes as the company steps into bank rewards void
Coles Pay closes as the company steps into bank rewards void
Coles Pay closes as the company steps into bank rewards void
Coles has shut down Coles Pay but is stepping up Flybuys rewards ahead of Christmas just as Australia’s banks cut ...
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and AP+ warn card tokenisation closing off least-cost routing
NAB and Australian Payments Plus (AP+) have warned that card tokenisation could undermine the merchant benefits of least-cost routing, but ...
The fault lines in Australia’s payments
The fault lines in Australia’s payments
The fault lines in Australia’s payments
Commentator Vibhu Arya breaks down the recent RBA submissions, analysing who is lobbying for what at a high level. ...
Schemes in “lockstep” to sell their surcharge bans to struggling SMEs
Schemes in “lockstep” to sell their surcharge bans to struggling SMEs
Schemes in “lockstep” to sell their surcharge bans to struggling SMEs
Australia’s card networks have joined forces on an industry marketing “education” campaign to sell the October surcharge ban they lobbied ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

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