PayDay News

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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May 07, 2025

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

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”

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

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.

PSPPSP

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Wild ride for Aussie payments outfits set to continue

The last 12 months has seen significant volatility in the share price of Australian publicly listed payments companies, and we haven’t seen the end of this unpredictability.

PayToPayTo

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Apr 29, 2025

Chemist Warehouse and others roll out A2A QR payments with ShopBack and NAB-backed Banked – again!

With much fanfare and razzle-dazzle, Chemist Warehouse has again announced the rollout of its long-awaited A2A QR code option for the third time, powered by ShopBack, and NAB-backed UK fintech, Banked (which recently bought Waave).

AP+AP+

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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.

FintechFintech

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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.

NPPNPP

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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.

Tap and PayTap and Pay

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