Australian Merchant Acquiring & Global Payments News
Stay current with the latest developments in merchant payment acquiring, EFTPOS technology, digital wallets, and fintech across Australia and APAC.
RBA Confirms Least-Cost Routing Mandate for Australian EFTPOS Terminals
The Reserve Bank of Australia has confirmed that all new EFTPOS terminals deployed from Q3 2026 must support least-cost routing (LCR) by default, directing contactless transactions to the eftpos network where it offers lower interchange fees for merchants.
eftpos Australia Reports Record Contactless Transaction Volumes in FY2026
eftpos Australia has reported record contactless transaction volumes for FY2026, with tap-and-go payments now accounting for over 85% of all in-store EFTPOS transactions across the country.
Visa and Mastercard Announce Updated Interchange Fee Schedule for APAC Region
Both Visa and Mastercard have released updated interchange fee schedules for the Asia-Pacific region, with new merchant category code (MCC) classifications affecting acquiring banks and ISO operators.
ISO Model Merchant Acquiring: How Independent Sales Organisations Are Reshaping Australian Payments
The ISO model is gaining significant traction in Australia as independent sales organisations bridge the gap between acquirers and merchants, offering competitive pricing, faster onboarding, and specialised vertical solutions.
Sunmi Launches Next-Generation Android EFTPOS Terminal with Integrated Biometric Authentication
Sunmi Technology has unveiled its latest Android-based EFTPOS terminal featuring integrated fingerprint and facial recognition for merchant staff authentication, targeting the Australian and Southeast Asian markets.
Apple Pay Surpasses 10 Million Australian Users as Digital Wallet Adoption Accelerates
Apple Pay has surpassed 10 million active users in Australia, with the digital wallet now accepted at over 95% of contactless-enabled EFTPOS terminals nationwide, according to new data from Apple.
MX Plus PaaS Platform Expands Merchant Acquiring Capabilities with Real-Time Settlement Engine
The MX Plus Payment-as-a-Service platform has launched a new real-time settlement engine enabling acquirers to offer same-day merchant funding across all payment channels — POS, mobile, and internet.
NPPA Confirms PayID Enhancements for Business Payments in Australia
New Payments Platform Australia (NPPA) has confirmed a series of PayID enhancements targeting business-to-business payments, including bulk PayID resolution and enhanced merchant payment reference data.
Chargeback Rates in Australian eCommerce Rise 18% — What Acquirers Need to Know
New industry data shows chargeback rates in Australian eCommerce have risen 18% year-on-year, driven by increased card-not-present fraud and consumer disputes. Acquirers and ISOs are responding with enhanced 3DS2 mandates.
QR Code Payments Gain Ground in Australian Retail as Merchants Seek Lower-Cost Alternatives
QR code-based payment acceptance is growing rapidly in Australian retail, with merchants attracted by lower terminal costs and the ability to accept payments from a wider range of digital wallets without dedicated hardware.
Industry News Sources
Payhubz curates merchant acquiring and payments news from leading industry publications including PYMNTS.com, Payments Journal, RBA Payments Policy, eftpos Australia, and NPPA.
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