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Independent Payments News Australia

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Discover eyes Aussie expansion in global push to take on Visa and Mastercard
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Discover eyes Aussie expansion in global push to take on Visa and Mastercard

United States regulators have given the green light to a mega-merger in the financial services industry that could have big implications for global payments markets, including Australia.

Tap and PayTap and Pay
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Xero and MYOB dive into busy small business POS surcharging market ahead of RBA decision
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Xero and MYOB dive into busy small business POS surcharging market ahead of RBA decision

Australia’s most popular small business accounting outfits, MYOB and Xero, are diving into the turbulent waters of the busy Point of Sale (POS) payments market, with new mobile payments apps complete with hefty surcharges.

NPPNPP
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Super body says more time needed before switching to payday super
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Super body says more time needed before switching to payday super

The New Payments Platform (NPP) must be given time to mature before mandating the use of the system for payday super, the Gateway Network Governance Body (GNGB) has warned policymakers.

FinTechFinTech
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Michael Johnson to lead PAX Technology Australia
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Michael Johnson to lead PAX Technology Australia

Chinese payments terminal business PAX Technology Australia has announced payments veteran Michael Johnson as its new Chief Executive Officer.

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Payments sector shake up looming ahead of RBA findings
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Payments sector shake up looming ahead of RBA findings

Australia's payments sector is bracing for significant upheaval ahead of regulatory change this year, with market consolidation and cashed up new entrants set to reshape the landscape.

FinTechFinTech
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Monoova powers international money transfers with Remitly via PayTo
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Monoova powers international money transfers with Remitly via PayTo

Aussie Fintech Monoova has partnered with Remitly Global to enable international money transfers from Australia through Australian Payments Plus’ PayTo network, with an initial focus on international students.

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AIAI
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Easter warning on SME scams
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Easter warning on SME scams

Small businesses should take extra caution during the upcoming Easter break as there is often a spike in scams throughout busy holiday periods, the Commonwealth Bank has warned.

FinTechFinTech
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Fiserv buys Pinch Payments and Glassbox
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Fiserv buys Pinch Payments and Glassbox

Fiserv has acquired Aussie payments outfit Pinch Payments, including its Payment Facilitator (Payfac) management platform, Glassbox.

FinTechFinTech
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Tyro’s aged care solution wants partners
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Tyro’s aged care solution wants partners

Tyro wants to collaborate with aged care providers to ensure they’re ready to support complex new claiming and payment processes coming into effect in July this year.

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AIAI
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Easter warning on SME scams
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Easter warning on SME scams

Small businesses should take extra caution during the upcoming Easter break as there is often a spike in scams throughout busy holiday periods, the Commonwealth Bank has warned.

FinTechFinTech
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Fiserv buys Pinch Payments and Glassbox
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Fiserv buys Pinch Payments and Glassbox

Fiserv has acquired Aussie payments outfit Pinch Payments, including its Payment Facilitator (Payfac) management platform, Glassbox.

FinTechFinTech
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Tyro’s aged care solution wants partners
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Tyro’s aged care solution wants partners

Tyro wants to collaborate with aged care providers to ensure they’re ready to support complex new claiming and payment processes coming into effect in July this year.

SchemeScheme
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The payments dilemma in the US tariff war
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The payments dilemma in the US tariff war

With endless talk about United States tariffs and trade imbalances over the past week, nobody in Australia is talking about the elephant in the room – United States payments, technology and tech platforms are siphoning billions of dollars from the Australian economy annually.

PayToPayTo
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Carsales revs up $30m in sales with real time Monoova
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Carsales revs up $30m in sales with real time Monoova

It has taken a while but there appears to be positive momentum towards real time payments in online car sales to address very real customer pain points like having to carry large amounts of cash, or face annoying delays with traditional bank transfers.

Payments growth slowing as commercial card debt increases
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Payments growth slowing as commercial card debt increases

This week the RBA released its Retail Payments data to February 2025. Here are the latest results.

FinTechFinTech
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Pyng makes a ripple, but the Waave seems a long way off
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Pyng makes a ripple, but the Waave seems a long way off

Despite all the hype only one Australian Fintech - Pyng - appears to be making small inroads into real time point of sale (POS) retail payments in the Australian market, but it has a very long way to go to challenge the dominant card schemes.

SchemeScheme
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What does Mastercard’s five year “vision” mean for competition and fees?
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What does Mastercard’s five year “vision” mean for competition and fees?

Mastercard has unveiled a five year “vision” for Australian payments, but an industry expert is concerned it will reduce competition, add complexity and keep fees high.

FinTechFinTech
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Sir John to advise on Bolt’s fintech charge
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Sir John to advise on Bolt’s fintech charge

Former New Zealand Prime Minister, Sir John Key, has joined Bolt Group’s Advisory Board as Chair, as the latest high-profile appointment to the fledgling Australian FinTech.

FinTechFinTech
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Fat Zebra grazes SecurePay in latest buying spree
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Fat Zebra grazes SecurePay in latest buying spree

Fat Zebra has bought SecurePay from Australia Post in a bid to boost merchants.

PSPPSP
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Fiserv in the Clover over Aussie small business potential
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Fiserv in the Clover over Aussie small business potential

Fiserv is finally launching it payments solution Clover in Australia, going head to head with the banks, Square, Tyro, Smartpay, Zeller and Stripe in the small business market.

PSPPSP
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RBA focused on reducing wholesale card fees for SMEs, but blended rates have complicated the issue
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RBA focused on reducing wholesale card fees for SMEs, but blended rates have complicated the issue

The Reserve Bank of Australia (RBA) has told a large industry forum in Sydney that it has “significant and ongoing” concerns about small businesses having to pay much higher fees for card processing than big business.

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