New Payments Platform Australia Merges with BPAY and Eftpos

New Payments Platform Australia Merges with BPAY and Eftpos

New Payments Platform Australia (NPPA) has recently announced it is merging its operations with Eftpos and BPAY. The three payments firms plan a bid to advance local innovation, making the country’s payments landscape more competitive. This will help to sustain the rising scale of overseas multi-national digital payment platforms.

This unified entity aims to increase innovation and efficiency while reducing costs. As mentioned by the company, “In Australia, international card schemes and multi-national technology providers are dominating the payments sector…Change is needed to ensure that the Australian payments system supports the best interests of consumers and businesses.”

Source: ZDNet

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