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A2A

News about Account-to-Account (A2A), PayTo, PayID, BECS and AP+

Regulation

+1

BECS lifeline?
LockSimple

Mar 25, 2026

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BECS lifeline?

In an effort to take the pressure off ongoing criticism from the Reserve Bank, industry is about to release its assessment of the options to upgrade the old Bulk Electronic Clearing System (BECS).

Digital & Online

+2

Leaked list reveals high risk NPP customers
LockSimple

Mar 25, 2026

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Leaked list reveals high risk NPP customers

Cuscal, Westpac, Zepto and ANZ have been told to keep a close eye on more than two dozen companies in the remittance and money transfer, securities with investments and gambling sectors that feature on a leaked “high risk” list of merchants they connect to the financial system via the New Payments Platform.

Fintech

+1

Merger abandoned amid A2A uncertainty
LockSimple

Mar 25, 2026

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Merger abandoned amid A2A uncertainty

Plans for a merger of Monoova and Zai have been abandoned for now, but the need for consolidation in the uncertain account-to-account (A2A) paytech sector continues.

Regulation

+1

PayTo needs a facelift to compete with BECS: RBA
LockSimple

Mar 25, 2026

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PayTo needs a facelift to compete with BECS: RBA

PayTo - Australia’s real time answer to direct debit - needs an urgent facelift if the industry hopes to convince consumers to move to real time payments en masse.

Digital & Online

+2

Bluesfest collapse triggers refund confusion
LockSimple

Mar 18, 2026

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Bluesfest collapse triggers refund confusion

Due to a rare ticketing arrangement Stripe and PayPal are now on the hook for millions in refunds via delayed card chargebacks, after the merchant, Bluesfest Enterprises, went belly up.

Cash

+4

Debit cards hit 77% of volume and 70% of in-store purchase value for first time
LockSimple

Mar 18, 2026

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Debit cards hit 77% of volume and 70% of in-store purchase value for first time

Australian consumers continued their shift towards debit cards in January 2026, with debit reaching 77% of volume and a milestone 70% share of in-store card purchase value for the first time on record.

Fintech

+1

Monoova launches FX Hub while merger rumours grow
LockSimple

Mar 18, 2026

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Monoova launches FX Hub while merger rumours grow

Amid increased chatter about a merger, Australian paytech Monoova has launched a new platform bringing domestic collections, foreign exchange conversion, funding, and settlement into a single automated flow.

Fintech

+1

Revolut introduces PayTo for Australian customers
LockSimple

Mar 18, 2026

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Revolut introduces PayTo for Australian customers

Revolut says its has found a simpler solution for its customers paying pesky utility bills and online subscriptions. With PayTo, consumers can now view, pause or cancel recurring payment agreements within their app.

A2A

The economics of A2A: the “fee free” illusion in real time retail
LockSimple

Mar 18, 2026

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The economics of A2A: the “fee free” illusion in real time retail

Comparisons with other territories used to push A2A retail business cases in Australia are misleading. In reality, buying a coffee, beer or train ticket is most likely cheaper with a debit card on your mobile.

A2A

+1

Macquarie wields PayID in catch up rental payments
LockSimple

Mar 11, 2026

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Macquarie wields PayID in catch up rental payments

By launching PayID on DEFT, Macquarie Bank is matching CBA and RentPay on real time payments – strengthening its ongoing campaign to dominate the $85bn-a-year rental payments market.

Regulation

+1

RBA threatens to intervene over A2A discord
LockSimple

Mar 11, 2026

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RBA threatens to intervene over A2A discord

The Reserve Bank will intervene to achieve “public interest” outcomes on real time payments if the industry fails to find consensus on key issues like bulk processing and resilience.

Fintech

+2

Lessn rewards growth with new investment round
LockSimple

Mar 4, 2026

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Lessn rewards growth with new investment round

Australian B2B payments platform Lessn has celebrated surpassing $100 million transacted on its platform within its first year of operations, as it enters a new investment round.

A2A

Osko and SCT join in A2A harmony
LockSimple

Mar 4, 2026

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Osko and SCT join in A2A harmony

Australian Payments Plus (AP+) is harmonising its New Payments Platform (NPP) push payments offering by merging the Single Credit Transfer (STC) and Osko services into one.

Fintech

+9

ParliPay - hours of action-packed TV with a pinch of fiction
LockSimple

Mar 4, 2026

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ParliPay - hours of action-packed TV with a pinch of fiction

Last week I spent two days watching the parade of banking and payment seniors strut their stuff in Canberra at the House Economics Committee – the ParliPay hearings.

A2A

ShopBack abandons instore QR payments experiment
LockSimple

Mar 4, 2026

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ShopBack abandons instore QR payments experiment

Westpac-backed rewards and cashback platform, ShopBack has announced it is walking away from its instore QR payments product ShopBack Pay, only a year after announcing a partnership with Chemist Warehouse and Banked.

Fintech

+1

Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA
LockSimple

Feb 25, 2026

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Australia’s EMV POS infrastructure not ready for A2A - Apple and RBA

While a few hopeful fintechs are expecting government to support a massive shift to account-to-account (A2A) POS payments, Apple and the RBA said the country’s infrastructure is geared towards EMV card payments and simply isn’t ready.

Fintech

+1

UK’s Volt joins busy “Identified” NPP lineup to target recurring payments
LockSimple

Feb 25, 2026

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UK’s Volt joins busy “Identified” NPP lineup to target recurring payments

UK-based Volt has joined a growing number of companies accessing the New Payments Platform as “identified institutions” via direct connectors, as a gateway to the Australian payments system.

Cash

+4

Australia breaks new records on card spending ... and merchant fees
LockSimple

Feb 18, 2026

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Australia breaks new records on card spending ... and merchant fees

New data shows 2025 saw record card usage in Australia, but fees charged to merchants for accepting those cards also increased across almost all card categories.

Fintech

+3

DJs adopts Weixin Pay for big spending Chinese tourists
LockSimple

Feb 18, 2026

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DJs adopts Weixin Pay for big spending Chinese tourists

David Jones now accepts Weixin Pay – formerly known as WeChat Pay - enabling big spending Chinese customers to make purchases at preferential exchange rates, and eliminating the need for cash or cards.

A2A

+1

PayTech merger talk as banks demand controls over “free ride” NPP entrants
LockSimple

Feb 18, 2026

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PayTech merger talk as banks demand controls over “free ride” NPP entrants

With growing rumours about consolidation of real time PayTech companies, the big banks want them to cough up extra dollars for network builds and provide more assurances that new entrants can be trusted.

Digital & Online

+1

Cloud play to speed up NPP onboarding
LockSimple

Feb 11, 2026

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Cloud play to speed up NPP onboarding

Australian Payments Plus (AP+) hopes to reduce costs and speed up connections to the New Payments Platform (NPP) by enabling participants to integrate their back office via public cloud providers.

Regulation

+1

Jury still out on moving Government payments to NPP, says RBA
LockSimple

Feb 11, 2026

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Jury still out on moving Government payments to NPP, says RBA

The industry has its work cut out to convince the Reserve Bank to move critical Government payments to the New Payments Platform (NPP), with Governor Michele Bullock saying she’s not yet convinced about the benefits.

Fintech

+2

Revolut expands Australian platform push as it claims one million users
LockSimple

Feb 11, 2026

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Revolut expands Australian platform push as it claims one million users

Revolut has flagged plans to invest nearly $400 million in Australia as it comes under the shadow of local and overseas regulatory scrutiny.

A2A

+2

AP+ scales up cybersecurity defences
LockSimple

Feb 4, 2026

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AP+ scales up cybersecurity defences

Australian Payments Plus (AP+) is bulking up its cyber security and fraud capabilities across its critical infrastructure, as Australia comes under increasing threat from bad actors.

Digital & Online

+1

ATO reprieve! Rules relaxed for payday super’s complex first year
LockSimple

Feb 4, 2026

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ATO reprieve! Rules relaxed for payday super’s complex first year

The ATO has relaxed its compliance requirements for the introduction of payday super on 1 July, recognising the complexity of implementation for some employers.

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