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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.
Mobile payments provider Sniip says it will be increasing the number of billers accessible through its app to 45,000, and gaining access to 1.5 million more payments each working day, after being sponsored into the BPAY scheme by e-payments giant, Indue.
Sydney-based start-up incubator Lakeba has announced the $20 million sale of its Paid by Coins venture to Australian-listed customer engagement technology provider Mobecom only seven months after launching the platform in early 2018.
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