Debit card provider eftpos has launched a FinTech advisory committee in collaboration with FinTech Australia, designed to give fintechs a direct say in how they can access and leverage the eftpos payments network for the “betterment” of Australia’s digital economy.
Debit card provider eftpos has announced an updated digital product and technology rollout scheduled for the next two years which it claims will create greater value, ease and security for consumers and businesses by enabling “compelling innovations” for members, Fintechs and retailers that enhance the digital commerce experience.
Australia's three domestic payment bodies — eftpos, BPAY Group and New Payments Platform Australia — intend to amalgamate and create a new entity, NewCo, in order to cut costs, improve efficiency and compete better with foreign payment platforms.
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