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PAYDAY NEWS

Independent Payments News Australia

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OutagesOutages
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The devastating human impact of PEXA settlement outages
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The devastating human impact of PEXA settlement outages

A downsizing dream became a real estate settlement nightmare for two elderly Sydneysiders who were recently caught in one of PEXA’s regular outage “incidents”.

A2AA2A
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IPF urges immediate action to protect critical payments following damning BECS migration assessment
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IPF urges immediate action to protect critical payments following damning BECS migration assessment

The payments industry must take immediate steps to protect and regulate fees on critical payments like wages, superannuation, health, welfare and pensions that are being migrated from the aging Bulk Electronic Clearing System (BECS), according to a new report by Independent Payments Forum Australia (IPF).

PSPPSP
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If Smartpay's for sale, where does that leave Cuscal?
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If Smartpay's for sale, where does that leave Cuscal?

Smartpay has confirmed it is looking at offers to sell the company, after PayDay News broke the story last week.

OnlineOnline
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Online spending hits record $69 billion! Who knew?
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Online spending hits record $69 billion! Who knew?

If your household’s anything like mine, it won’t come as a surprise that online spending just hit a new record of $69 billion in Australia.

FinTechFinTech
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Christian Westerlind Wigstrom - the new kid in town on the AusPayNet Board
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Christian Westerlind Wigstrom - the new kid in town on the AusPayNet Board

In a turbulent time for payments, Christian Westerlind Wigstrom, Co-founder and CEO of Monoova, has been appointed as alternate Director to the Australian Payments Network (AusPayNet), the self-regulatory body for Australia's payments industry.

CashCash
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Our new $5 banknote will celebrate First Nations connection to country
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Our new $5 banknote will celebrate First Nations connection to country

With debates raging about cash availability, cost and distribution, the Reserve Bank of Australia (RBA) has announced the theme for the updated $5 banknote.

Latest Posts

A2AA2A
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Azupay and Gr4vy partner on NPP eCommerce solutions
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Azupay and Gr4vy partner on NPP eCommerce solutions

Azupay has teamed up with US platform Gr4vy to help bring real-time, account-to-account payment solutions to Australian eCommerce businesses.

OnlineOnline
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Online spending hits record $69 billion! Who knew?
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Online spending hits record $69 billion! Who knew?

If your household’s anything like mine, it won’t come as a surprise that online spending just hit a new record of $69 billion in Australia.

PSPPSP
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New blood for Send Payments’ Board
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New blood for Send Payments’ Board

International payments and foreign exchange specialist, Send Payments, has appointed two new Board members, including an ex bank CEO, as the company positions for its next phase of expansion.

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A2AA2A
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Azupay and Gr4vy partner on NPP eCommerce solutions
Premium

Azupay and Gr4vy partner on NPP eCommerce solutions

Azupay has teamed up with US platform Gr4vy to help bring real-time, account-to-account payment solutions to Australian eCommerce businesses.

OnlineOnline
+2+2
Online spending hits record $69 billion! Who knew?
Premium

Online spending hits record $69 billion! Who knew?

If your household’s anything like mine, it won’t come as a surprise that online spending just hit a new record of $69 billion in Australia.

PSPPSP
+1+1
New blood for Send Payments’ Board
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New blood for Send Payments’ Board

International payments and foreign exchange specialist, Send Payments, has appointed two new Board members, including an ex bank CEO, as the company positions for its next phase of expansion.

PSPPSP
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Novatti’s brand refresh signals future vision
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Novatti’s brand refresh signals future vision

Novatti has launched a brand refresh, representing the company’s growth and future vision.

FinTechFinTech
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China’s Huifu Payment launches HuePay in Australia
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China’s Huifu Payment launches HuePay in Australia

Chinese fintech Huifu Payment has launched its Australian subsidiary HuePay in Melbourne to offer digital payment solutions to the Australian and New Zealand markets.

PSPPSP
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Illegal tobacco sales serviced by banks and fintechs. What's the law?
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Illegal tobacco sales serviced by banks and fintechs. What's the law?

Illegal tobacco stores are popping up around the country in what is fast becoming multi-billion dollar market for organised crime which appears to be serviced by multiple banks and fintechs for payments.

OutagesOutages
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Impact of Mastercard global outage lessened by LCR at Aussie merchants
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Impact of Mastercard global outage lessened by LCR at Aussie merchants

Least Cost Routing (LCR) came to the rescue on Sunday, as Mastercard users were unable to make online, in-person or ATM transactions on the US network.

CashCash
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Monthly Payments Data Report
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Monthly Payments Data Report

The RBA released its Retail Payments data as at January 2025 on the 7th of March. Here are the latest results.

A2AA2A
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NPP data is back, led by PayID growth
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NPP data is back, led by PayID growth

NPP is back, data quality has been resolved and we can see the progress of NPP once again.

Peter Drennan
OutagesOutages
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RBA to intervene after ASX CHESS batch outage
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RBA to intervene after ASX CHESS batch outage

The Reserve Bank of Australia (RBA) will make regulatory interventions after a major operational incident hindered millions of ASX trades on 20 December 2024.

RegulationRegulation
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Rivals concerned as PEXA leverages monopoly to build lucrative data business
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Rivals concerned as PEXA leverages monopoly to build lucrative data business

Electronic conveyancing monopoly PEXA (Property Services Australia Pty Ltd) is using the 54% margins on its platform revenue to buy up stakes in at least seven companies to build a valuable property sector data and valuations business, known as Digital Solutions, which its competitor claims could soon be worth up to $1 billion.

PSPPSP
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SmartPay pilots in New Zealand amid rumours of a sale
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SmartPay pilots in New Zealand amid rumours of a sale

Smartpay has successfully implemented an initial customer pilot of its new New Zealand acquiring offering, amid rumours that the company may be up for sale.

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