Payments

Online payments provider PayPal has partnered with eftpos, with plans to join the company’s centralised payments hub in 2016.

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Online payments provider eWAY is set to provide its 21,000 Australian customers with access to mobile payments service Apple Pay.

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Global non-cash transaction volumes continue to accelerate, with Australia recording the fourth highest number of non-cash transactions per capita worldwide, according to Capgemini.

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Fintech has brought about rapid development and innovations in payments, financing and currency exchange globally in recent years.

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The "real" fintech disruptors do not talk about partnering with the incumbent players, says Tyro Payments CEO Jost Stollmann – instead, they seek to put them out of business.

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