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NPPNPP
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BECS decommissioning likely to be delayed ... at least
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BECS decommissioning likely to be delayed ... at least

The life of BECS is likely to be extended beyond 2030 as the payments industry works through multiple issues raised by the Reserve Bank of Australia’s recent risk assessment.

RegulationRegulation
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Big change ahead with PM’s payments reform agenda
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Big change ahead with PM’s payments reform agenda

From payday super, to cash mandates, new payment system designations and a possible ban on debit card surcharging, the new-look Albanese government has a big payments reform agenda that could kick off almost immediately parliament resumes.

FintechFintech
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Brisbane’s Fiskil to enhance Adyen’s Open Banking capabilities
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Brisbane’s Fiskil to enhance Adyen’s Open Banking capabilities

Global payments outfit Adyen has chosen Brisbane-based fintech Fiskil as its data-sharing partner, to improve the onboarding and account verification experience for merchants in the Australian market.

PSPPSP
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Chalmers ready to pull the trigger on merchant fee reform
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Chalmers ready to pull the trigger on merchant fee reform

The clock is already ticking for the Albanese Government to lower merchant service fees and ban surcharging on debit transactions - two of the Labor Party’s policy pledges at the recent federal election.The legislative reforms create wide-ranging discretionary powers for the Treasurer to regulate payments system participants.

PSPPSP
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Merchants cop even higher fees - led by 5% jump in fees charged by PSPs for eftpos transactions
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Merchants cop even higher fees - led by 5% jump in fees charged by PSPs for eftpos transactions

Quarterly merchant fee data by the Reserve Bank of Australia (RBA) shows more increases in Merchant Fees, another hit to businesses in the first quarter of 2025.

Peter Drennan
Novatti moves into the care economy
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Novatti moves into the care economy

Melbourne -based Aussie payments outfit Novatti is partnering with the newly funded Care Economy Cooperative Research Centre (CRC), to develop better payment solutions for care providers.

NPPNPP
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Payday super takes off with early processing and pilots on NPP
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Payday super takes off with early processing and pilots on NPP

Ozedi, SuperChoice and QuickSuper have started to process or pilot super payments across the New Payments Platform (NPP) with more companies to follow in the coming months, according to Australian payments Plus (AP+).

Personal card debt hits highest mark since 2021
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Personal card debt hits highest mark since 2021

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

FintechFintech
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Sydney fintech Parpera goes into liquidation
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Sydney fintech Parpera goes into liquidation

Sydney-based Fintech Parpera has gone into voluntary liquidation after 5 years.

Merchant FeesMerchant Fees
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Businesses face fines of up to $2m in ACCC surcharge crackdown
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Businesses face fines of up to $2m in ACCC surcharge crackdown

After years of inaction on card surcharging, the Australian Competition and Consumer Commission (ACCC) has chosen the final week of the election campaign to warn small business it’s cracking down - despite nothing being done about the high fees they are charged by banks and PSPs compared to big business.

PlatformPlatform
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Locally-focused IPSI certificated “Australian Made”
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Locally-focused IPSI certificated “Australian Made”

A quiet achiever in Australian payments industry, IPSI, has certified its products and services to carry the “Australian Made” logo, sending a strong message to the market about its local focus.

BanksBanks
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Urgency around Apple’s control over mobile wallets in Australia intensifies with EU fine
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Urgency around Apple’s control over mobile wallets in Australia intensifies with EU fine

Apple’s €500 million (AUD$887 million) fine by the European Union last week for antitrust violations linked to its App Store policies has reignited scrutiny of the technology giant’s struggles with regulators worldwide including Australia over its control of mobile payment systems and Near Field Communication (NFC) technology.

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